Top Stock to Buy #2 – Core Laboratories NV (CLB)
Core Laboratories NV (CLB) is a provider of products that enable oil and gas clients to improve reservoir performance and increase oil and gas recovery from their producing fields. It employs 1,300 senior scientists who perform tests to determine how to get oil out of its natural reservoirs in the most cost-effective way.
The company reported fiscal 2012 earnings per share (EPS) of $4.52. Analysts forecast $5.23 for 2013, $5.99 for 2014, and $7.33 for 2015.
In April, the stock broke from a huge double cup-and-handle formation and established a bull channel with a current bottom at about $138 and a top at $160. Buy CLB under its 50-day moving average line at $145 as a long-term position in the energy equipment and services industry.