This Service Company Popped 30%
This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
CARBO Ceramics is a huge third quarter winner as the company's share price popped 30% after announcing a phenomenal 33% increase in revenue year-over-year. In a struggling hydraulic fracturing market in North America, CARBO was able to increase proppant sales by 63%. Will the going continue to get better? Check out the video below for more information on CARBO's stellar third quarter.
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The article This Service Company Popped 30% originally appeared on Fool.com.Joel South owns shares of Halcon Resources.. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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