This 5.5%-Yielding Dividend Isn’t Going Away [The Motley Fool]
Core Laboratories Inc. (CLB)
Last core laboratories inc. earnings: 4/22 05:05 pm
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Source: The Motley Fool
This 5.5%-Yielding Dividend Isn’t Going Away Analysts worry that oil reservoir specialist Core Labs' payout is unsustainable, but the company's executives have made it clear that they intend to maintain it. Oil prices have bounced around quite a bit over the past few years, which has held back the anticipated recovery in the oilfield services market. Instead of the " V-shaped " rebound that oil reservoir specialist Core Labs ( NYSE:CLB ) anticipated, the chart has looked more like a "W." As a result, Core's earnings and cash flow have fluctuated quite a bit. So much so, that the company hasn't always generated enough cash to cover its dividend. That has put pressure on its stock price, causing the yield to rise as investors and analysts have begun to question the payout's long-term sustainability. Core's dividend yield recently topped 5.5%, and touched the highest level in the company's history. Because of that, it was a top subject of discussion on the second-quarter conference call
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News
- Calculating The Fair Value Of Core Laboratories Inc. (NYSE:CLB) [Yahoo! Finance]Yahoo! Finance
- 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
- Core Laboratories Inc. (NYSE: CLB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Core Laboratories Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
CLB
Earnings
- 10/23/24 - Beat
CLB
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- CLB's page on the SEC website