For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
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 20.1X for the current fiscal year compared to the Oil and Gas - Field Services industry's P/E of 18.6X. Additionally, CLB has a PEG Ratio of 0.9 and a Price/Cash Flow ratio of 17.9X. Value investors should also note CLB's Price/Sales ratio of 1.7X.
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 $0.02 to $0.95 per share for 2024. Per share CLB boasts an average earnings surprise of 3.5%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding CLB to their portfolios.
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Core Laboratories Inc. (CLB) : Free Stock Analysis Report
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