Weakness Seen in Core Laboratories (CLB): Stock Tanks 10.1% - Tale of the Tape

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Core Laboratories NV ( CLB ) saw a big move last session, as the company's shares fell over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as CLB is now trading below the volatile price range of $159.7 to $167.1 in the past one-month time frame.

This Oil company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CLB currently has a Zacks Rank #4 (Sell).


Investors interested in the Oil Field Services industry may consider better-ranked stocks like Newpark Resources Inc. ( NR ), Flotek Industries Inc. ( FTK ) and Unit Corporation ( UNT ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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CORE LABS NV (CLB): Free Stock Analysis Report

NEWPARK RESOUR (NR): Free Stock Analysis Report

FLOTEK INDU INC (FTK): Free Stock Analysis Report

UNIT CORP (UNT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: CLB , NR , FTK , UNT

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