Shares of CARBO Ceramics Inc. (NYSE:CRR) have earned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.20.

Several equities analysts have issued reports on the company. ValuEngine raised CARBO Ceramics from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Cowen set a $11.00 price objective on CARBO Ceramics and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered CARBO Ceramics from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Scotiabank set a $12.00 price objective on CARBO Ceramics and gave the stock a “hold” rating in a report on Friday, October 27th.

In related news, major shareholder Wilks Brothers, Llc purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average price of $9.94 per share, with a total value of $198,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 16.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. purchased a new position in shares of CARBO Ceramics during the second quarter worth about $103,000. EagleClaw Capital Managment LLC purchased a new position in shares of CARBO Ceramics during the third quarter worth about $155,000. Ahrens Investment Partners LLC grew its holdings in shares of CARBO Ceramics by 67.8% during the third quarter. Ahrens Investment Partners LLC now owns 19,300 shares of the oil and gas company’s stock worth $167,000 after buying an additional 7,800 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of CARBO Ceramics by 12.4% during the second quarter. Royal Bank of Canada now owns 28,063 shares of the oil and gas company’s stock worth $192,000 after buying an additional 3,092 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of CARBO Ceramics by 44.8% during the second quarter. Alliancebernstein L.P. now owns 36,500 shares of the oil and gas company’s stock worth $250,000 after buying an additional 11,300 shares during the last quarter. 73.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CARBO Ceramics (NYSE:CRR) traded down $0.34 during mid-day trading on Friday, hitting $7.91. The company’s stock had a trading volume of 1,968,353 shares, compared to its average volume of 1,050,191. The stock has a market capitalization of $253.19, a price-to-earnings ratio of -1.66 and a beta of 2.00. CARBO Ceramics has a 12 month low of $5.83 and a 12 month high of $16.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.31 and a current ratio of 4.61.

CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.02). The firm had revenue of $60.34 million for the quarter, compared to analysts’ expectations of $56.87 million. CARBO Ceramics had a negative return on equity of 20.27% and a negative net margin of 67.47%. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.35) EPS. research analysts forecast that CARBO Ceramics will post -1.46 EPS for the current fiscal year.

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CARBO Ceramics Company Profile

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

Analyst Recommendations for CARBO Ceramics (NYSE:CRR)

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