Core Laboratories Down 30% YTD: Should You Hold or Sell the Stock?

Core Laboratories Inc. (CLB) has experienced a year-to-date (“YTD”) stock price decrease of 29.7%, significantly underperforming the broader oil and gas sector and the oil and gas field services sub-industry’s decline of 1.2% and 12.7%, respectively. In comparison, competitors such as Oceaneering International (OII) , Halliburton (HAL) and RPC Inc. (RES) were down 22.8%, 21.8% and 16.5%, respectively. This steeper drop suggests that Core Laboratories may be facing company-specific challenges beyond broader ...