How Core Laboratories N.V. Makes Most of Its Money
Core Labs (NYSE: CLB) is a different kind of oil-field service company. It is the leading provider of proprietary and patented reservoir description and production enhancement services, which are data-driven technologies that help energy companies maximize the recovery of oil and gas from underground reservoirs. These services are quite lucrative, even in the current low oil price environment, and have enabled Core to remain profitable through the recent market downturn.
Here's a look at how the company makes money and why that sets it apart from other service providers.
Core Labs has two operating segments: Reservoir description and production enhancement. The following chart shows how each has performed so far in 2017:
Source: Fool.com
Core Laboratories Inc. Stock
€17.60
-0.570%
Currently there is a rather negative sentiment for Core Laboratories Inc. with 0 Buy predictions and 3 Sell predictions..
This results in a negative potential of -20.45% based on a current price of 17.6 € and a target price of 14 € for the stock.
