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Is CORE LABS INC (CLB) Stock Outpacing Its Oils-Energy Peers This Year?
e Laboratories e Laboratories (US:CLB) ZACKSยท2024-08-28 14:41

Group 1 - Core Laboratories (CLB) is currently outperforming the Oils-Energy sector with a year-to-date return of approximately 6.4%, compared to the sector average of 5.5% [4] - The Zacks Rank for Core Laboratories is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 4.5% increase in the consensus estimate for full-year earnings over the past three months [3] - Core Laboratories is part of the Oil and Gas - Field Services industry, which has an average year-to-date loss of 3.4%, further highlighting CLB's strong performance relative to its peers [6] Group 2 - The Oils-Energy group, which includes Core Laboratories, ranks 14 out of 16 in the Zacks Sector Rank, indicating a mid-tier performance among sector groups [2] - Ranger Energy (RNGR), another stock in the Oils-Energy sector, has significantly outperformed with a return of 22.4% since the beginning of the year and also holds a Zacks Rank of 2 (Buy) [4][5] - The Oil and Gas - Field Services industry consists of 24 individual stocks, with Core Laboratories and Ranger Energy being notable performers within this group [6][7]