Eagle Materials Lifts As Housing Builds And Oil Booms

After getting a nice boost from the ongoing recovery in homebuilding demand, Eagle Materials is primed to tap into America’s oil and natural gas exploration boom.Eagle NYSE:EXP provides basic building products used in residential, industrial, commercial and infrastructure construction. Its lineup includes gypsum wallboard and recycled paperboard, which sell mainly to the housing market. It also makes aggregates, concrete and cement, including specialty cement used in oil and natural gas wells.Another offering that Eagle has recently added to the mix — an important one — is frac sand. It’s a crush-resistant sand that drilling companies use in hydraulic fracturing, or fracking, to get oil or natural gas out of the ground.

via Eagle Materials Lifts As Housing Builds And Oil Booms EXP SLCAHCLP – Investors.com.

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