Core Labs May Just Be A Diamond In The Rough If Oil Prices Continue To Drop

Core Laboratories NV (NYSE:CLB), provides Proprietary and Patented Reservoir Description; Production Enhancement and Reservoir Management services to the oil and gas industry. The Company's customers include major national and independent oil and gas producers. On October 22, 2014, the company reported fiscal fourth quarter earnings of $1.53 per share, which beat the consensus of analysts' estimates by $0.01. In the past year, the company's stock is down 26.74% excluding dividends (down 25.59% including dividends) and is losing to the S&P 500, which has gained 13.33% in the same time frame. I am taking my IRA back from my financial advisor who has managed to not make as much money as the market has and I've decided that I want to look at Core Labs as a potential investment. With all this in mind, I'd like to take a moment to evaluate the stock to see if right now is a good time to purchase shares for the basic materials sector of my IRA…

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