Carbo Ceramics, Inc. (NYSE:CRR)’s share price rose 7% during trading on Friday . The company traded as high as $10.13 and last traded at $9.79. Approximately 893,204 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 960,979 shares. The stock had previously closed at $9.15.

Several equities analysts have recently issued reports on CRR shares. ValuEngine upgraded shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Piper Jaffray Companies set a $9.00 price objective on shares of Carbo Ceramics and gave the company a “hold” rating in a report on Thursday, July 27th. Scotiabank set a $12.00 price objective on shares of Carbo Ceramics and gave the company a “hold” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company set a $11.00 price objective on shares of Carbo Ceramics and gave the company a “hold” rating in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.75.

The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.31 and a current ratio of 5.74.

Carbo Ceramics (NYSE:CRR) last issued its earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.81) by ($0.16). The firm had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $46.98 million. Carbo Ceramics had a negative net margin of 79.49% and a negative return on equity of 16.48%. Carbo Ceramics’s quarterly revenue was up 148.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.49) EPS. sell-side analysts predict that Carbo Ceramics, Inc. will post -3.74 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Carbo Ceramics by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 1,689,537 shares of the oil and gas company’s stock worth $22,031,000 after purchasing an additional 24,051 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in Carbo Ceramics in the 2nd quarter worth approximately $6,768,000. Wells Fargo & Company MN boosted its position in Carbo Ceramics by 70.0% in the 3rd quarter. Wells Fargo & Company MN now owns 879,216 shares of the oil and gas company’s stock worth $7,588,000 after purchasing an additional 362,028 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Carbo Ceramics by 34.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 548,679 shares of the oil and gas company’s stock worth $3,780,000 after purchasing an additional 140,807 shares in the last quarter. Finally, State Street Corp boosted its position in Carbo Ceramics by 4.3% in the 2nd quarter. State Street Corp now owns 501,406 shares of the oil and gas company’s stock worth $3,438,000 after purchasing an additional 20,824 shares in the last quarter. Hedge funds and other institutional investors own 70.23% 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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