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CLB Core Laboratories

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.

CLB stock data

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Calendar

7 Feb 21
13 Apr 21
31 Dec 21
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

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 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%

Financial report summary

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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
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