Looking for an Oil play???

Take a look at Carbo Ceramics (CRR).  Carbo Ceramics manufactures and sells proppant, a product used during the hydraulic fracturing of wells. The proppant is placed into the well along with the fluid and remains behind to hold open the fractures created in the rock. Most of the company's sales are of ceramic proppant, a more expensive product that the company markets as superior to other alternatives.

Q2 2011 Results

Carbo Ceramics reported a net income of $29.9 million, or $1.29 per diluted share in the second quarter of 2011. Revenues came in at $149.7 million for the quarter, a 34% increase over the second quarter of 2010. The company sold 387 million pounds of proppant in the quarter, a 23% year over year increase. This growth is expected to continue going forward as the consensus earnings estimates for the company is at $7.08 per share in 2012, up from $5.39 in 2011.