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0 0 0 0 0 -8.06451612901346E-06 0.0048387096774194 0.00967741935483879
Stock impact report

Core Labs Could Fly Higher [Seeking Alpha]

Core Laboratories N.V. (CLB) 
Last core laboratories n.v. earnings: 4/22 05:05 pm Check Earnings Report
US:NYSE Investor Relations: corelab.com/investors
Company Research Source: Seeking Alpha
SummaryCore Labs is down over 80% over free falling oil prices. I believe much of the downside is priced in.Cost containment efforts allowed the company to deliver an EBITDA margin of 19%.At under 7x EBITDA, the company's valuation is attractive relative to where it has traded historically.Core Labs could fly higher on oil supply cuts by major producers. Buy the stock.Source: Core LabsThe knock-on effects of the coronavirus have led to millions of workers being displaced and demand destruction in several industries. J.P. Morgan believes the decline in consumer spendingcould triggerCLBsuggestsThe U.S. and Mexico have also agreed to cut supply. Millions of Americans will eventually return to work after the pandemic is over. This should spike oil demand and help drive oil prices higher. CLB is down over 80% Y/Y. This could be a good entry point for the stock.North America Faces HeadwindsCore Labs has sizeable exposure to North America land drilling via its Product Enhancement segment, wh Show less Read more
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