Market Overview

UPDATE: Global Hunter Securities Initiates Core Laboratories NV at Buy on Deepwater Drilling Outlook

Related CLB
Oil & Gas Stock Roundup: Chesapeake to Spin-Off Unit, Encana Reports Strong Q1 - Analyst Blog
Core Labs Guides Lower for Q2 & '14, Shares Fall - Analyst Blog

Global Hunter Securities initiated coverage on Core Laboratories NV (NYSE: CLB) with a Buy rating and a $135 price target.

Global Hunter Securities commented, "We are initiating coverage of Core Labs with a Buy rating and $135 price target on the basis of the global oil market's growing reliance upon unconventional and deepwater production and the company's status as one of the industry's go-to providers of dynamic reservoir characterization. The company specializes in enhancing recovery factors from the world's hydrocarbon reservoirs, which will be essential to the long-term preservation of the global hydrocarbon age. … In our view, building visibility in the global deepwater markets and a steady prognosis for the North American onshore complex present investors with an attractive opportunity to own this best-in-class name well off its 2012 highs."

Core Laboratories NV closed at $102.54 on Monday.

Latest Ratings for CLB

Jul 2014Guggenheim SecuritiesUpgradesNeutralBuy
Jun 2014Iberia CapitalUpgradesSector PerformOutperform
May 2014Iberia CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for CLB
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (CLB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters