How to Buy Core Laboratories Stock
Core Laboratories Inc
Core Laboratories is a oil & gas equipment & service company located in Netherlands, which is part of the Energy sector, and is traded under the ticker CLB on the NYSE exchange.
Core Laboratories stock last closed at $16.53, down 2.71% from the previous day, and has decreased 24.86% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.46 percentage points. Core Laboratories stock is currently +19.61% from its 52-week low of $13.82, and -40.85% from its 52-week high of $27.95.
There are currently 46.86M shares of CLB outstanding. The market value of CLB is $774.54M. In the last 24 hours, 412,649 CLB shares were traded.
How to Buy Core Laboratories Stock
Not sure how to invest in Core Laboratories stock? Here's how.
- Figure out where to buy Core Laboratories stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Core Laboratories stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your payment method and add your info.
- Analyze Core Laboratories stock: The Core Laboratories ticker symbol is CLB. Is Core Laboratories stock a good investment? Should you buy shares of CLB? How do CLB's underlying business fundamentals look? Do top analysts think Core Laboratories is a good buy? Why has CLB's stock price moved recently? (Hint: Our stock market research website can help you figure out if CLB is a good stock to buy).
- Place your CLB buy order: Decide if you will purchase CLB shares at the current market price or use a limit order to buy CLB stock at a particular price.
- Get key alerts regarding your investment in CLB: Create a watchlist to track your position in Core Laboratories stock.
Step 1: Figure out where to buy Core Laboratories stock
You need a brokerage account in order to access the NYSE market and buy CLB stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you are able to buy CLB today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you've finished signing up on our top ranked stock app, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring funds into your investment account.
Step 4: Analyze Core Laboratories stock
Once you have chosen the best place to buy Core Laboratories stock, it's critical to evaluate their stock prior to buying, so you truly comprehend the risk and opportunity.
Core Laboratories shares quick numbers
Core Laboratories Due Diligence Checks
WallStreetZen was built to help average investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on CLB's stock page.
Is CLB stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge CLB's fair value.
Using relative valuations measures:
- CLB may be undervalued based on its P/E ratio of 20.92x, relative to Oil & Gas Equipment & Services industry P/E ratio of 27.48x
- CLB may be overvalued based on its P/B ratio of 3.45x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.68x
- CLB may be undervalued based on its PEG ratio of 0.33x
You can access additional valuation analysis on CLB's stock here.
How do CLB Financials look?
Passed Financial Due Diligence Checks:
- Total CLB debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CLB balance sheet.
- CLB profit margin has gone up from 4% to 7.2% in the past year.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the CLB balance sheet.
- CLB has a relatively high debt to equity ratio of 1.59.
- CLB's operating cash flow of $24.79M allows it to safely service it's debt of $215.39M.
- CLB earnings of $54.29M is not enough to cover its interest payments.
Is Core Laboratories stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give ratings on CLB, the consensus analyst rating on CLB is a Sell
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Core Laboratories stock forecast page.
Metrics for Advanced CLB Traders
Is CLB Growing Revenue?
Last year, CLB earnings were $36.68M. During the past five year, CLB's earnings have gone up by -15.19% per year. This was slower than the Oil & Gas Equipment & Services industry average of 54.83%.
Last year, CLB revenue was $509.79M. Over the past 5 year, CLB's revenue has grown by -6.17% per year. This was slower than the Oil & Gas Equipment & Services industry average of 9.08%.
Dive into CLB's earnings and revenue performance here.
Latest Insiders Trades at CLB
Over the past 12 months, insiders at CLB have sold more shares than they have bought.
Michael Straughen, Director of CLB, was the latest CLB insider to sell. They sold $51,681.21 worth of CLB stock on Apr 1, 2024.
Research more about who owns CLB shares here.
Can I get consistent income from CLB stock?
Core Laboratories pays a dividend of 0.24%, compared to the Oil & Gas Equipment & Services industry's average dividend yield of 3.22%. If you owned $1,000 worth of CLB stock, you would have received $2.42 in the past year.
Core Laboratories dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Core Laboratories dividend yield and history here.
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Step 5: Place your CLB buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Click the Open button and your broker will execute the order.
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Step 6: Get key alerts regarding your investment in CLB
Now that you own some CLB stock, you'll want to stay up-to-date on your new investment.
Start a watchlist to track your CLB stock.
CLB Feed
How to Buy Stock in Core Laboratories
To reiterate, here are the 6 steps you need to take to buy Core Laboratories stock right now:
- Figure out where to buy Core Laboratories stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Core Laboratories stock
- Place your CLB buy order
- Get key alerts regarding your investment in CLB
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Core Laboratories, create your watchlist below.
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