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Core Laboratories NV CLB

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Core Lab Reports Solid Revenue Rebound in Q4, Although COVID-Related Disruptions Weigh on Profits

Preston Caldwell Equity Analyst

Analyst Note

| Preston Caldwell |

Core Laboratories reported fourth-quarter revenue up 8% sequentially, mainly due to improved U.S. shale activity. Adjusted operating income only improved to $13 million from $12.3 million in the prior quarter (implying 9% incrementals), which management attributed to various operational delays caused by COVID-19. Our fair value estimate and wide moat rating are unchanged following the results.

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Company Profile

Business Description

Core Laboratories is an oil-services company that helps oil and gas companies better understand how to improve production levels and economics with core and reservoir analysis. Additionally, the company sells a number of products helping its customers to maximize production levels from their oil and gas assets. The company operates in more than 50 countries and has more than 5,000 employees.

Contact
Van Heuven Goedhartlaan 7 B
Amstelveen, NH, 1181 LE, Netherlands
T +31 204203191
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type
Employees 3,700

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