Yahoo Finance Why Core Laboratories (CLB) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Core Laboratories (CLB)
Founded in 1936, Amsterdam, Netherlands-based Core Laboratories N.V. is an oilfield services company, operating in more than 50 countries. The firm deals with providing reservoir management and production enhancement services to the oil and gas companies. Geographically, the company has its operations in the United States, Europe, Africa, Middle East, Asia Pacific, Canada, Russia, Latin/South America. Notably, Core Labs generated revenues of $509.8 million in 2023.
CLB is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 18X for the current fiscal year compared to the Oil and Gas - Field Services industry's P/E of 16.8X. Additionally, CLB has a PEG Ratio of 0.5 and a Price/Cash Flow ratio of 16.1X. Value investors should also note CLB's Price/Sales ratio of 1.6X.
Many value investors pay close attention to a company's earnings as well. For CLB, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $0.95 per share for 2024. Per share CLB boasts an average earnings surprise of 1.9%.
CLB should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Core Laboratories Inc. (CLB) : Free Stock Analysis Report
