Carbo Ceramics, Inc. (NYSE:CRR)’s share price shot up 0% during mid-day trading on Friday . The stock traded as high as C$9.89 and last traded at C$9.45. 1,760,428 shares changed hands during trading, an increase of 83% from the average session volume of 961,945 shares. The stock had previously closed at C$9.45.

Several brokerages have recently issued reports on CRR. Zacks Investment Research raised Carbo Ceramics from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, September 27th. ValuEngine raised Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Cowen and Company set a $11.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a report on Friday, October 6th. Scotiabank set a $12.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies set a $9.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$10.75.

The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.39 and a current ratio of 5.74.

Carbo Ceramics (NYSE:CRR) last announced its quarterly earnings results on Thursday, October 26th. The company reported C($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.81) by C($0.16). Carbo Ceramics had a negative return on equity of 15.58% and a negative net margin of 79.49%. The business had revenue of C$50.20 million during the quarter, compared to the consensus estimate of C$46.98 million. During the same quarter last year, the company earned ($0.49) earnings per share. The firm’s revenue was up 148.5% compared to the same quarter last year. analysts forecast that Carbo Ceramics, Inc. will post -3.74 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Friday, October 13th. Shareholders of record on Saturday, September 30th were issued a $0.074 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.89 annualized dividend and a dividend yield of 9.40%.

Several institutional investors have recently made changes to their positions in CRR. UBS Asset Management Americas Inc. bought a new stake in shares of Carbo Ceramics in the second quarter worth about $103,000. Texas Permanent School Fund increased its holdings in shares of Carbo Ceramics by 0.8% in the second quarter. Texas Permanent School Fund now owns 15,456 shares of the company’s stock worth $106,000 after acquiring an additional 128 shares in the last quarter. Creative Planning increased its holdings in shares of Carbo Ceramics by 101.5% in the second quarter. Creative Planning now owns 17,106 shares of the company’s stock worth $117,000 after acquiring an additional 8,618 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Carbo Ceramics by 13.9% during the first quarter. Public Employees Retirement System of Ohio now owns 9,786 shares of the company’s stock worth $128,000 after buying an additional 1,196 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Carbo Ceramics by 7.4% during the first quarter. Thrivent Financial For Lutherans now owns 11,980 shares of the company’s stock worth $156,000 after buying an additional 830 shares during the period. Institutional investors own 71.79% of the company’s stock.

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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.

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