Core Laboratories NV (CLB) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CLB, as the stock is now down over 13% in the past one-month time frame.
The geological and environmental analysis services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CLB currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the oil field services sector include China Oilfield Services Ltd. (CHOLY), Exterran Partners, L.P. (EXLP) and North American Energy Partners Inc. (NOA). While China Oilfield Services and Exterran Partners carry a Zacks Rank #1 (Strong Buy), North American Energy Partners holds a Zacks Rank #2 (Buy).
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