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Core Laboratories (CLB)

Core Laboratories N.V. is a leading provider of proprietary and patented reservoir description and production enhancement services and products used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.

Company profile

Ticker
CLB
Exchange
NYSE
Website
www.corelab.com
CEO
Lawrence V. Bruno
Employees
Incorporated
Netherlands
Location
Netherlands
Fiscal year end
Dec 31
Sector
Mining, Quarrying, and Oil and Gas Extraction > Support Activities for Oil and Gas Operations
Industry (SIC)
Oil & Gas Field Services, NEC
Schlumberger • Halliburton • Superior Energy Services • Helix Energy Solutions • Oceaneering International • Key Energy Services • Basic Energy Services • RPC • Expro • Aris Water Solutions ...
SEC CIK
0001000229
Corporate docs
Subsidiaries
Core Laboratories Australia PTY LTD • Core Laboratories Canada Ltd. • Core Laboratories International B.V. • Core Laboratories LP • Core Laboratories Malaysia SDN BHD • Core Laboratories Sales B.V. • Core Laboratories (U.K.) Limited • Owen Oil Tools LP • Saybolt Nederland B.V. ...

CLB stock data

News

From Benzinga Pro
Morgan Stanley Maintains Equal-Weight on Core Laboratories, Lowers Price Target to $20
1 Aug 22
Morgan Stanley analyst Connor Lynagh maintains Core Laboratories (NYSE:CLB) with a Equal-Weight and lowers the price target from $22 to $20.
Core Laboratories: Q2 Earnings Insights
27 Jul 22
Core Laboratories (NYSE:CLB) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Core Laboratories missed estimated earnings by 7.69%, reporting an EPS of $0.12 versus an estimate of $0.13.
Earnings Scheduled For July 27, 2022
27 Jul 22
Companies Reporting Before The Bell • Equinor (NYSE:EQNR) is projected to report earnings for its second quarter.
SEC Demands Additional Information On Russian Business Exits From Companies: WSJ
26 Jul 22
Stocks That Hit 52-Week Lows On Friday
15 Jul 22

Press releases

From Benzinga Pro
CORE LAB REPORTS SECOND QUARTER 2022 RESULTS FROM CONTINUING OPERATIONS
27 Jul 22
SECOND QUARTER REVENUE OF $120.9 MILLION; UP 5% SEQUENTIALLY; UP 2% YEAR-OVER-YEARSECOND QUARTER SEQUENTIAL INCREMENTAL MARGINS, EX-ITEMS, 43%, DRIVEN BY RESERVOIR DESCRIPTIONSECOND QUARTER GAAP EPS OF $0.15; EPS,
CORE LABORATORIES' SECOND QUARTER 2022 WEBCAST AT 7:30 A.M. CDT / 2:30 P.M. CEST ON JULY 28, 2022
28 Jun 22
AMSTERDAM, June 28, 2022 /PRNewswire/ -- Core Laboratories (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") will broadcast its second quarter 2022 conference call over the Internet at 7:30 a.m. CDT /
CORE LAB ANNOUNCES $60,000,000 AT-THE-MARKET EQUITY OFFERING PROGRAM
9 Jun 22
AMSTERDAM, June 9, 2022 /PRNewswire/ -- Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core," "Core Lab," or the "Company") announced today that it has

Analyst ratings and price targets

Last 3 months
Morgan Stanley
Maintains
Equal-Weight
$20.00
1 Aug 22

Calendar

28 Jul 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart CLB financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 16.15M 16.15M 16.15M 16.15M 16.15M 16.15M
Cash burn (monthly) 1.96M 1.46M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.86M 2.12M n/a n/a n/a n/a
Cash remaining 13.29M 14.03M n/a n/a n/a n/a
Runway (months of cash) 6.8 9.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CLB insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Mark Damian Tattoli Common Shares Option exercise Acquire M No No 0 120 0 4,560.621
1 Aug 22 Mark Damian Tattoli Common Shares Payment of exercise Dispose F No No 18.02 54 973.08 4,506.621
1 Aug 22 Mark Damian Tattoli Common Shares Option exercise Acquire M No No 0 250 0 4,756.621
1 Aug 22 Mark Damian Tattoli Common Shares Payment of exercise Dispose F No No 18.02 112 2.02K 4,644.621
1 Aug 22 Mark Damian Tattoli Restricted Shares Common Shares Option exercise Dispose M No No 0 120 0 7,160
1 Aug 22 Mark Damian Tattoli Restricted Shares Common Shares Option exercise Dispose M No No 0 250 0 6,910
1 May 22 Mark Damian Tattoli Common Shares Option exercise Acquire M No No 0 200 0 4,364.621
1 May 22 Mark Damian Tattoli Common Shares Payment of exercise Dispose F No No 26 77 2K 4,287.621
1 May 22 Mark Damian Tattoli Common Shares Option exercise Acquire M No No 0 250 0 4,537.621
1 May 22 Mark Damian Tattoli Common Shares Payment of exercise Dispose F No No 26 97 2.52K 4,440.621
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CLB institutional ownership history Ownership history
9.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 193 175 +10.3%
Opened positions 40 19 +110.5%
Closed positions 22 39 -43.6%
Increased positions 80 55 +45.5%
Reduced positions 40 66 -39.4%
13F shares Current Prev Q Change
Total value 1.5B 1.05B +43.1%
Total shares 48.59M 46.87M +3.7%
Total puts 45.1K 57.6K -21.7%
Total calls 363.6K 85.1K +327.3%
Total put/call ratio 0.1 0.7 -81.7%
Largest owners Shares Value Change
Ariel Investments 8.2M $259.32M +5.1%
BLK Blackrock 5.48M $173.3M +2.2%
Vanguard 5.08M $160.71M +2.3%
Fred Alger Management 4.23M $133.83M +5.3%
Alger Associates 4.02M $89.67M 0.0%
Earnest Partners 3.4M $107.58M -0.9%
Van Eck Associates 2.1M $66.38M +21.5%
STT State Street 1.35M $42.66M +18.6%
Fisher Asset Management 863.91K $27.33M +3.2%
Disciplined Growth Investors 855.73K $27.07M +6.2%
Largest transactions Shares Bought/sold Change
Marshall Wace 0 -835.49K EXIT
Congress Asset Management 426.77K +426.77K NEW
C Partners Holding GmbH 733.36K +421.09K +134.8%
Ariel Investments 8.2M +394.24K +5.1%
Van Eck Associates 2.1M +370.89K +21.5%
Norges Bank 0 -367.28K EXIT
BNP Paribas Arbitrage 9.4K -334.89K -97.3%
STT State Street 1.35M +211.87K +18.6%
Fred Alger Management 4.23M +211.69K +5.3%
Southpoint Capital Advisors 188.37K +188.37K NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
NCS Multistage

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: adhere, alter, ban, banned, BIS, block, blocked, Bureau, CLIH, coal, commensurate, commercial, confirmed, coordinated, counsel, Crimea, Department, deposit, Donetsk, educate, electronic, evidencing, evolving, exemption, exit, expedient, geologic, granted, guaranteed, idle, import, importation, imported, infrastructure, intercompany, license, licensing, liquefied, LLA, Luhansk, military, network, OFAC, online, outcome, outflow, Overnight, owing, Pending, permissible, pertain, policy, preclude, previously, priority, proceed, prospective, quarantine, rapidly, recognition, remove, repayment, Republic, retaliation, reversal, reverse, review, routinely, safe, scope, screened, sector, secured, Security, selected, Society, SOFR, springing, State, stricter, subsurface, SWIFT, tangible, targeting, temporarily, training, unachievable, undistributed, unvested
Removed: antidilutive, applying, ASU, declined, discontinued, excluded, intended, issuer, negative, October
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
28 Jul 22
10-Q
2022 Q1
Quarterly report
28 Apr 22
10-K
2021 FY
Annual report
10 Feb 22
10-Q
2021 Q3
Quarterly report
28 Oct 21
10-Q
2021 Q2
Quarterly report
29 Jul 21
10-Q
2021 Q1
Quarterly report
22 Apr 21
10-K
2020 FY
Annual report
7 Feb 21
10-Q
2020 Q3
Quarterly report
22 Oct 20
10-Q
2020 Q2
Quarterly report
23 Jul 20
10-Q
2020 Q1
Quarterly report
23 Apr 20
Current reports
View all
8-K
Second Quarter Revenue of $120.9 Million; Up 5% Sequentially; Up 2% Year-over-year
27 Jul 22
8-K
Entry into a Material Definitive Agreement
26 Jul 22
8-K
Core Lab Announces $60,000,000 “At-the-market” Equity Offering Program
9 Jun 22
8-K
Other Events
8 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
19 May 22
8-K
First Quarter Revenue of $115.3 Million; Up 6% Year-over-year
27 Apr 22
8-K
Regulation FD Disclosure
16 Mar 22
8-K
Fourth Quarter Revenue of $125.1 Million; Up 6% Sequentially; Up 10% Year-over-year
2 Feb 22
8-K
Results of Operations and Financial Condition
27 Oct 21
8-K
Departure of Directors or Certain Officers
19 Oct 21
Registration and prospectus
View all
424B5
Prospectus supplement for primary offering
9 Jun 22
424B5
Prospectus supplement for primary offering
17 Dec 20
S-8
Registration of securities for employees
19 Aug 20
S-3ASR
Automatic shelf registration
13 Aug 20
S-8
Registration of securities for employees
8 May 19
424B5
Prospectus supplement for primary offering
12 May 16
S-3ASR
Automatic shelf registration
10 May 16
424B3
Prospectus supplement
30 Apr 08
424B3
Prospectus supplement
2 Apr 08
424B3
Prospectus supplement
20 Dec 07
Proxies
View all
DEFA14A
Additional proxy soliciting materials
24 Mar 22
DEF 14A
Definitive proxy
22 Mar 22
PRE 14A
Preliminary proxy
11 Mar 22
DEF 14A
Definitive proxy
19 Mar 21
DEFA14A
Additional proxy soliciting materials
19 Mar 21
PRE 14A
Preliminary proxy
5 Mar 21
DEFA14A
Additional proxy soliciting materials
11 May 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 20
Other
View all
UPLOAD
Letter from SEC
8 Jun 22
CORRESP
Correspondence with SEC
6 Jun 22
CORRESP
Correspondence with SEC
1 Jun 22
SD
Conflict minerals disclosure
24 May 22
UPLOAD
Letter from SEC
17 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
21 May 20
SD
Conflict minerals disclosure
28 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
31 May 17
Ownership
View all
4
CORE LABORATORIES / Mark Damian Tattoli ownership change
2 Aug 22
11-K
Annual report of employee stock purchases
29 Jun 22
3
CORE LABORATORIES / Katherine Murray ownership change
26 May 22
4
CORE LABORATORIES / Mark Damian Tattoli ownership change
2 May 22
4
CORE LABORATORIES / Dijken Eeuwijk Monique van ownership change
4 Apr 22
4
CORE LABORATORIES / Kwaku Temeng ownership change
4 Apr 22
4
CORE LABORATORIES / Michael Straughen ownership change
4 Apr 22
4
CORE LABORATORIES / Harvey Robert Klingensmith ownership change
4 Apr 22
4
CORE LABORATORIES / Martha Z. Carnes ownership change
4 Apr 22
4
CORE LABORATORIES / Gregory Barry Barnett ownership change
4 Apr 22

Patents

View all
Utility
Perforating Gun with Detonation Module
28 Jul 22
An apparatus for selectively firing a perforating gun having a plurality of gun assemblies may include an end plate, a portion of a signal communication circuit, an initiator assembly, and an initiating element.
Utility
Perforating Gun with Switch Cartridge
24 Feb 22
An apparatus for selectively firing a perforating gun having a plurality of gun assemblies includes a plurality of cartridge assemblies.
Utility
Safe firing head for deviated wellbores
2 Nov 21
A firing head for selectively activating an initiator of a downhole tool may include a housing, a pin, and a moveable stopper.
Utility
Multi-phase, Single Point, Short Gun Perforation Device for Oilfield Applications
8 Jul 21
An apparatus for perforating an unconventional subterranean formation includes a charge holder having a passage along a long axis, a detonating device positioned in the passage and a plurality of shaped charges supported by the charge holder and circumferentially distributed along a same plane that is transverse to the long axis.
Utility
Safe Firing Head for Deviated Wellbores
8 Jul 21
A firing head for selectively activating an initiator of a downhole tool may include a housing, a pin, and a moveable stopper.

Transcripts

View all
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
30 Jan 20

Reddit threads

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