Shares of Carbo Ceramics Inc. (NYSE:CRR) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.32.

CRR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Howard Weil lowered their price target on shares of Carbo Ceramics from $15.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, October 28th. Finally, Scotiabank reissued a “sector perform” rating and issued a $11.00 price target (down from $15.00) on shares of Carbo Ceramics in a report on Friday, October 28th.

In other Carbo Ceramics news, insider Gary A. Kolstad purchased 7,000 shares of Carbo Ceramics stock in a transaction on Tuesday, November 1st. The shares were acquired at an average cost of $6.06 per share, for a total transaction of $42,420.00. Following the completion of the transaction, the insider now directly owns 216,138 shares of the company’s stock, valued at $1,309,796.28. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary A. Kolstad purchased 10,000 shares of Carbo Ceramics stock in a transaction on Monday, October 31st. The shares were acquired at an average price of $6.04 per share, for a total transaction of $60,400.00. Following the completion of the transaction, the insider now directly owns 209,138 shares of the company’s stock, valued at $1,263,193.52. The disclosure for this purchase can be found here. Company insiders own 18.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System boosted its position in shares of Carbo Ceramics by 1.0% in the second quarter. Arizona State Retirement System now owns 10,214 shares of the company’s stock worth $134,000 after buying an additional 100 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Carbo Ceramics by 0.5% in the third quarter. California State Teachers Retirement System now owns 41,141 shares of the company’s stock valued at $450,000 after buying an additional 200 shares in the last quarter. US Bancorp DE boosted its position in shares of Carbo Ceramics by 2.1% in the second quarter. US Bancorp DE now owns 11,248 shares of the company’s stock valued at $148,000 after buying an additional 235 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Carbo Ceramics by 3.6% in the third quarter. Bahl & Gaynor Inc. now owns 14,256 shares of the company’s stock valued at $156,000 after buying an additional 500 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Carbo Ceramics by 3.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,453 shares of the company’s stock valued at $242,000 after buying an additional 662 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

Shares of Carbo Ceramics (NYSE:CRR) opened at 7.36 on Tuesday. The firm’s market cap is $198.00 million. Carbo Ceramics has a 52 week low of $5.66 and a 52 week high of $24.20. The firm has a 50-day moving average of $8.39 and a 200 day moving average of $11.62.

Carbo Ceramics (NYSE:CRR) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.07. Carbo Ceramics had a negative return on equity of 8.00% and a negative net margin of 87.92%. The firm earned $20.20 million during the quarter, compared to analysts’ expectations of $26 million. During the same period in the previous year, the company posted ($0.60) earnings per share. The company’s quarterly revenue was down 73.4% compared to the same quarter last year. Equities research analysts predict that Carbo Ceramics will post ($3.23) EPS for the current fiscal year.

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About Carbo Ceramics

Carbo Ceramics Inc is an oilfield services technology company. The Company supplies ceramic proppant. The Company also sells sand and resin-coated proppants. Additionally, it provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures.

5 Day Chart for NYSE:CRR

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