Oilfield service company,
Core Laboratories NV
) has recently raised its first-quarter 2014 cash dividend
payment by 56.25% to 50 cents per share, up from 32 cents paid
during fourth-quarter 2013. The new dividend will be paid on Feb
21, 2014, to shareholders of record as on Jan 24, 2014.
CORE LABS NV (CLB): Free Stock Analysis
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If the revised dividend is maintained for the rest of the year,
then the annualized dividend payout of the company would be $2.00
per share. Moreover, based on the closing price of $187.21 as on
Jan 13, 2014, the increased dividend affirms a yield of 1.07%.
Core Labs plans to release its fourth-quarter 2013 results on Jan
29, 2014, after the closing bell. The Zacks Consensus Estimate
for the company's fourth-quarter stands at $1.40 per share.
Amsterdam, Netherlands-based Core Labs provides reservoir
management and production enhancement services to the oil and gas
industry on a global basis. The company operates in over 50
countries and divides its operations in three principal business
lines: Reservoir Description, Product Enhancement, and Reservoir
Core Labs' extensive portfolio of proprietary products and
services positions it favorably in the current environment of low
commodity prices and growing maturity in the global hydrocarbon
reserve base. Additionally, the company's strong presence in the
emerging shale plays and its global footprint - including markets
in the Middle East, Asia Pacific, and East and West Africa -
provide for steady growth rates going forward.
However, Core Labs relies on its ability to develop and acquire
essential products and technologies that drive its operational
performance and growth. If its technologies and/or products
become obsolete or cannot be brought to market in a timely and
competitive manner, it may face severe operational and financial
Currently, Core Labs holds a Zacks Rank #3 (Hold), implying that
it is expected to perform in-line with the broader U.S. equity
market over the next one to three months.
Meanwhile, one can consider better-ranked players in the energy
Ocean Rig UDW Inc.
CVR Energy Inc
). All the stocks sport a Zacks Rank #1 (Strong Buy).