Here's Why Core Laboratories (CLB) is a Strong Value Stock

Company Overview - Core Laboratories N.V. is an oilfield services company founded in 1936, based in Amsterdam, Netherlands, operating in over 50 countries [11] - The company provides reservoir management and production enhancement services to oil and gas companies, with operations in regions including the United States, Europe, Africa, Middle East, Asia Pacific, Canada, Russia, and Latin/South America [11] - Core Laboratories generated revenues of $509.8 million in 2023 [11] Investment Ratings - Core Laboratories holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, indicating strong investment potential [12] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 20.66, making it appealing to value investors [12] Earnings Estimates - For fiscal 2024, one analyst has revised their earnings estimate upwards in the last 60 days, with the Zacks Consensus Estimate increasing to $0.95 per share [12] - Core Laboratories has an average earnings surprise of 3.5%, suggesting a history of exceeding earnings expectations [12] Conclusion - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Core Laboratories is recommended for investors' consideration [13]