Slightly Lowering Core Labs FVE on More Conservative Long-Term Outlook
We are lowering our Core Laboratories fair value estimate from $102 (EUR 92) per share to $93 per share (EUR 81). The lower fair value estimate is not a result of the company’s third-quarter results, which were modestly positive as we noted in our recent note. Instead, the change is essentially due to decreased long-term growth and profitability expectations across Core Labs' business lines.We are increasingly skeptical that the company will be able to create value commensurate with the very r...
Core Laboratories is a holding company. Co. is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. Co. has three segments: reservoir description, which encompasses the characterization of petroleum reservoir rock, fluid and gas samples; production enhancement, which includes products and services relating to reservoir well completions, perforations, stimulations and production; and reservoir management, which combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from its clients' reservoirs.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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