CLB Core Laboratories Dashboard

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

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 • Helix Energy Solutions • Oceaneering International • Key Energy Services • Franks International • Basic Energy Services • RPC • Liberty Oilfield Services • Superior Energy Services ...

SEC CIK

0001000229

Corporate docs

Articles of Incorporation & Bylaws

CLB stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

Morgan Stanley Maintains Overweight on Core Laboratories, Raises Price Target to $38

25 Mar 21

Morgan Stanley analyst Connor Lynagh maintains Core Laboratories (NYSE:CLB) with a Overweight and raises the price target from $33 to $38.

Stocks That Hit 52-Week Highs On Thursday

11 Mar 21

On Thursday morning, 420 companies hit new 52-week highs.

Stocks That Hit 52-Week Highs On Wednesday

10 Mar 21

This morning 270 companies set new 52-week highs.

Stocks That Hit 52-Week Highs On Thursday

25 Feb 21

Stocks That Hit 52-Week Highs On Wednesday

24 Feb 21

Press releases

Pro users get this 30m faster

Core Laboratories' First Quarter 2021 Webcast At 7:30 A.M. CDT / 2:30 P.M. CEST On April 22, 2021

22 Mar 21

AMSTERDAM, March 22, 2021 /PRNewswire/ -- Core Laboratories (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") will broadcast its first quarter 2021 conference call over the Internet at 7:30 a.m. CDT /

Core Lab Reports Fourth Quarter And Full Year 2020 Results From Continuing Operations

27 Jan 21

AMSTERDAM, Jan. 27, 2021 /PRNewswire/ -- Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported that continuing

Core Lab Announces Q1 2021 Quarterly Dividend

15 Jan 21

AMSTERDAM, Jan. 15, 2021 /PRNewswire/ -- The Board of Supervisory Directors of Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam Exchange: "CLB NA") has announced a cash dividend of $0.01 per

Calendar

7 Feb 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart CLB financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.81M	13.81M	13.81M	13.81M	13.81M	13.81M
Cash burn (monthly)	446.67K	(positive/no burn)	(positive/no burn)	6.97M	3.95M	(positive/no burn)
Cash used (since last report)	1.54M	n/a	n/a	23.97M	13.59M	n/a
Cash remaining	12.27M	n/a	n/a	-10.17M	214.93K	n/a
Runway (months of cash)	27.5	n/a	n/a	-1.5	0.1	n/a

Beta Read what these cash burn values mean

Recent insider trades

CLB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 21	Barnett Gregory Barry	Common Shares	Payment of exercise	Dispose F	No	No	30.1	73	2.2K	29,600
1 Apr 21	Barnett Gregory Barry	Common Shares	Option exercise	Aquire M	No	No	0	14,507	0	29,673
1 Apr 21	Barnett Gregory Barry	Restricted Shares Common Shares	Grant	Aquire A	No	No	0	4,307	0	4,307
1 Apr 21	Barnett Gregory Barry	Restricted Shares Common Shares	Option exercise	Dispose M	No	No	0	14,507	0	0
1 Apr 21	Carnes Martha Z.	Common Shares	Payment of exercise	Dispose F	No	No	30.1	73	2.2K	20,800
1 Apr 21	Carnes Martha Z.	Common Shares	Option exercise	Aquire M	No	No	0	14,507	0	20,873
1 Apr 21	Carnes Martha Z.	Restricted Shares Common Shares	Grant	Aquire A	No	No	0	4,307	0	4,307
1 Apr 21	Carnes Martha Z.	Restricted Shares Common Shares	Option exercise	Dispose M	No	No	0	14,507	0	0
1 Apr 21	Harvey Robert Klingensmith	Common Shares	Payment of exercise	Dispose F	No	No	30.1	73	2.2K	16,434
1 Apr 21	Harvey Robert Klingensmith	Common Shares	Option exercise	Aquire M	No	No	0	14,507	0	16,507

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

CLB institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders	Current	Prev Q	Change
Total holders	180	189	-4.8%
Opened positions	25	28	-10.7%
Closed positions	34	31	+9.7%
Increased positions	49	59	-16.9%
Reduced positions	77	66	+16.7%

13F shares	Current	Prev Q	Change
Total value	1.21B	630.82M	+91.2%
Total shares	45.49M	41.28M	+10.2%
Total puts	70.3K	94.1K	-25.3%
Total calls	147.8K	181.9K	-18.7%
Total put/call ratio	0.5	0.5	-8.1%

Largest owners	Shares	Value	Change
BLK Blackrock	4.62M	$122.41M	+3.0%
Vanguard	4.58M	$121.5M	+11.6%
Ariel Investments	4.52M	$119.85M	+42.1%
Earnest Partners	4.27M	$113.11M	+2.0%
Massachusetts Financial Services	2.99M	$79.14M	-9.2%
Fred Alger Management	2.36M	$62.67M	+81.0%
Alger Associates	2.36M	$62.67M	NEW
Clearbridge Advisors	1.71M	$45.45M	0.0%
Ako Capital	1.57M	$41.52M	+6.5%
Van Eck Associates	1.05M	$27.77M	+15.8%

Largest transactions	Shares	Bought/sold	Change
Alger Associates	2.36M	+2.36M	NEW
Ariel Investments	4.52M	+1.34M	+42.1%
Fred Alger Management	2.36M	+1.06M	+81.0%
Millennium Management	0	-573.16K	EXIT
Norges Bank	572.4K	+572.4K	NEW
Vanguard	4.58M	+474.71K	+11.6%
TFC Truist Financial	44.91K	-462.41K	-91.1%
Massachusetts Financial Services	2.99M	-302.07K	-9.2%
River Road Asset Management	224.92K	+224.92K	NEW
Citadel Advisors	349.81K	-214.54K	-38.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

NCS Multistage

Risks

Downturns in the oil and gas industry, or in the oilfield services business, may have a material adverse effect on our financial condition or results of operations.
Changes in macro-economic factors impacting the oil and gas industry may negatively affect our ability to accurately predict client demand, which could cause us to hold excess or obsolete inventory and experience a reduction in gross margins and financial results.
We depend on the results of our international operations, which expose us to risks inherent in doing business abroad.
Our results of operations may be adversely affected because our efforts to comply with applicable anti-corruption laws such as the United States' Foreign Corrupt Practices Act (the "FCPA") and the United Kingdom's Anti-Bribery Act (the "ABA") could restrict our ability to do business in foreign markets relative to our competitors who are not subject to these laws.
Because we are a Netherlands company, it may be difficult for you to take legal action against our supervisory directors or us and it may not be possible to obtain or enforce judgments against us.
If we are not able to develop or acquire new products or our products become technologically obsolete, our results of operations may be adversely affected.
If we are unable to obtain patents, licenses and other intellectual property rights covering our services and products, our operating results may be adversely affected.
Our operations are subject to the risk of cyber-attacks that could have a material adverse effect on our consolidated results of operations and consolidated financial condition.
We are subject to the risk of supplier concentration.
There are risks relating to our acquisition strategy. If we are unable to successfully integrate and manage businesses that we have acquired and any businesses acquired in the future, our results of operations and financial condition could be adversely affected.
We may be unable to attract and retain skilled and technically knowledgeable employees, which could adversely affect our business.
We require a significant amount of cash to service our indebtedness, make capital expenditures, fund our working capital requirements and pay our dividend, and our ability to generate cash may depend on factors beyond our control.
We are subject to a variety of environmental and occupational safety and health laws and regulations, which may result in increased costs and significant liability to our business.

Management Discussion

We evaluate our operating results by analyzing revenue, operating income and operating income margin (defined as operating income divided by total revenue). Since we have a relatively fixed cost structure, decreases in revenue generally translate into lower operating income results. Results for the years ended December 31, 2020, 2019 and 2018 are summarized in the following chart:
Services revenue, which is primarily tied to activities associated with the exploration and production of oil and gas outside the U.S., decreased to $376.4 million in 2020 from $474.2 million in 2019 and $486.8 million in 2018. In 2020, the adverse impact of the COVID-19 pandemic, and government mandated shut-down around the world, home sheltering and social distancing policies caused a sharp decline in the demand for crude-oil and associated products. The average crude-oil price in 2020 was 33% lower than the average price of 2019. This resulted in decreased and disrupted activity by our clients and disruptions to our revenue generating operational activities leading to a sharp decrease in service revenue in both the U.S. and international markets during most of 2020. Crude-oil prices weakened in 2019 with the average price of 10% lower than the average price in 2018. This resulted in decreased activity by our clients leading to lower service revenue in the North America onshore market during 2019 compared to 2018. However, improvement in the level of work performed for offshore and international exploration and production projects partially offset some of the decline in the U.S. market.
We continue to focus on large-scale core analyses and reservoir fluids characterization studies in the Eagle Ford, the Permian Basin and the Gulf of Mexico, along with Guyana, Surinam, Malaysia and other international locations such as offshore South America, Australia, and the Middle East, including Kuwait, Saudi Arabia, Qatar, the United Arab Emirates and other countries. Analysis of crude oil and crude oil-derived products also occurs in every major producing region of the world.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: abandonment, accident, accordion, AI, amplified, amplify, analog, analyst, antidilutive, Appendix, appraisal, appraising, Arabia, artificial, bottomed, breakeven, Capture, cascaded, CatalogTM, ceased, collaborate, collaboratively, combat, conclusion, contrast, CoreConnect, coupled, covenant, culture, cutting, dashboard, default, depression, dijken, disease, dissolvable, distancing, diverse, divesture, education, educational, eeuwijk, empower, encountered, erosion, ESG, exclusively, faith, Fargo, feature, floor, forefront, fossil, fostering, fuel, globe, GoGun, gradually, Gwendolyn, Haynesville, heavier, home, incidence, inconsistent, infection, intelligence, Lastly, leadership, learning, lending, length, live, LLC, locked, machine, mandated, matched, matching, mission, monique, month, navigate, outbreak, pandemic, partnered, path, persist, plug, population, preserve, preserving, priority, problem, professional, progression, promote, propelling, Qatar, reaction, recapture, recruiting, refreshed, reissued, renegotiation, resold, reusable, reversal, reverse, reversed, reversing, reward, robbing, satisfaction, Saudi, Schreffler, sense, Sequestration, sharper, sharply, sheltering, shipment, sidewall, simply, smaller, social, spread, stemming, step, suffer, summer, Surinam, Suriname, swift, talent, telecommuting, transformation, travel, treat, tropical, TSR, unexpected, unknown, unobstructed, unprecedented, unsecured, upcoming, vaccine, van, write

Removed: Antarctica, assured, Atlantic, backlog, collectability, consisted, continent, david, deep, demshur, dilutive, doubtful, EOR, fee, highest, Indemnification, internationally, land, mapping, met, mortality, newest, NMR, nominal, occurred, Oklahoma, persuasive, prescribed, raw, readily, reclassification, remeasured, rendered, rental, Repatriation, representative, retrospectively, SAGD, sponsor, stay, supplement, verified, withholding

From filing 10-K 2020 FY