Core Labs to cut 2020 capex below 2016 levels, slashes dividend to $0.01 [Seeking Alpha]
Core Laboratories Inc. (CLB)
Last core laboratories inc. earnings: 4/22 05:05 pm
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Source: Seeking Alpha
Energy | On the Move Core Labs to cut 2020 capex below 2016 levels, slashes dividend to $0.01 Mar. 16, 2020 6:28 PM ET Core Laboratories N.V. (CLB) Carl Surran Core Laboratories (NYSE: cutting its full-year capital spending The company will cut quarterly dividends to $0.01/share beginning in Q2 from $0.25/share previously, which it says will provide additional cash flow to accelerate debt reduction. Core Labs says the dividend cut will enhance annual cash flow by $43M, while cost reduction plans already approved and lower capex should provide more than $30M additional cash flow on an annual basis. -1.9% See all stocks on the move » Now read: In The Face Of Panic: Selling Income-Generating Put Options, Phillips 66 Edition »
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- Core Laboratories Inc. (NYSE: CLB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Core Laboratories Inc. (NYSE: CLB) had its price target lowered by analysts at Citigroup Inc. from $15.00 to $14.00. They now have a "sell" rating on the stock.MarketBeat
CLB
Earnings
- 10/23/24 - Beat
CLB
Sec Filings
- 12/2/24 - Form 4
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- CLB's page on the SEC website