NEW YORK (

TheStreet

) --

Carbo Ceramics

(NYSE:

CRR

) hit a new 52-week high Thursday as it is currently trading at $155.49, above its previous 52-week high of $143.85 with 343,109 shares traded as of 10:01 a.m. ET. Average volume has been 298,200 shares over the past 30 days.

Carbo Ceramics has a market cap of $3.3 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 36.6% year to date as of the close of trading on Wednesday.

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CARBO Ceramics Inc. manufactures and supplies ceramic proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 41.4, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Carbo Ceramics as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Carbo Ceramics Ratings Report

.

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