CARBO Ceramics Inc. (NYSE:CRR) Given Consensus Recommendation of “Hold” by Analysts
Shares of CARBO Ceramics Inc. (NYSE:CRR) have been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the firm, AnalystRatingsNetwork.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.36.
Several brokerages recently commented on CRR. Zacks Investment Research downgraded shares of CARBO Ceramics from a “buy” rating to a “hold” rating in a report on Friday, January 29th. SunTrust cut their price target on shares of CARBO Ceramics from $19.00 to $15.00 in a report on Wednesday, January 13th. Guggenheim upgraded shares of CARBO Ceramics from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, November 30th. GMP Securities reiterated a “buy” rating and set a $27.00 price target on shares of CARBO Ceramics in a report on Tuesday, January 5th. Finally, Howard Weil cut their price target on shares of CARBO Ceramics from $28.00 to $26.00 in a report on Monday, December 14th.
In other CARBO Ceramics news, Director William C. Morris acquired 19,000 shares of the company’s stock in a transaction dated Tuesday, February 2nd. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $283,670.00. Following the completion of the purchase, the director now owns 2,746,859 shares in the company, valued at $41,010,604.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William C. Morris bought 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were purchased at an average cost of $18.34 per share, with a total value of $623,560.00. Following the transaction, the director now directly owns 2,988,659 shares of the company’s stock, valued at $54,812,006.06. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in CARBO Ceramics stock. Oslo Asset Management ASA boosted its position in shares of CARBO Ceramics Inc. (NYSE:CRR) by 51.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,010,702 shares of the company’s stock after buying an additional 344,202 shares during the period. CARBO Ceramics makes up about 16.7% of Oslo Asset Management ASA’s holdings, making the stock its 2nd largest position. Oslo Asset Management ASA owned about 4.34% of CARBO Ceramics worth $17,384,000 at the end of the most recent quarter.
CARBO Ceramics (NYSE:CRR) traded down 2.65% during trading on Wednesday, hitting $15.43. 278,686 shares of the stock traded hands. CARBO Ceramics has a 12 month low of $13.21 and a 12 month high of $47.04. The firm’s market cap is $355.09 million. The firm has a 50-day moving average price of $18.06 and a 200 day moving average price of $18.60.
CARBO Ceramics (NYSE:CRR) last announced its earnings results on Thursday, January 28th. The company reported ($2.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by $1.34. During the same quarter last year, the company earned $0.70 EPS. The firm had revenue of $56.80 million for the quarter, compared to analysts’ expectations of $48.52 million. The company’s quarterly revenue was down 66.2% on a year-over-year basis. On average, equities analysts forecast that CARBO Ceramics will post ($3.16) EPS for the current fiscal year.
Carbo Ceramics Inc is an oilfield services technology company , which supplies ceramic proppant and, sells sand and resin-coated sand. The Company also sells sand independent of its resin-coating operations. It also provides fracture simulation software, and, fracture design and consulting services, and a range of technologies for spill prevention, containment and countermeasures.