The price of CLB is predicted to go up -1.29%, based on the high correlation periods with KPTI. The similarity of these two price pattern on the periods is 95.14%.
CLB
KPTI
Expanded investment in more complex wells will drive demand for Core Labs' proprietary technology over the next few years.
As the world's oilfield inventory continues to mature, well operators will rely on Core's specialized knowledge on how reservoirs' characteristics change over time in order to optimize production efficiency.
Core's high exposure to less volatile international markets will mitigate revenue cyclicality over the long run