CRR - CARBO Ceramics: Long-Run Drivers To Beat Current Headwinds
An overview of CARBO Ceramics
CARBO Ceramics (CRR) sells proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells. A fall in ceramic proppant sales and the overhang of the last crude oil price crash has haunted CRR. On the other hand, a much-improved energy market and CRR’s value-added products and solutions indicate its recovery is around the corner. In 2018 so far, CARBO Ceramics’ stock price has gone down 26% and underperformed the VanEck Vectors Oil Services ETF (OIH) which declined by nearly 3% during