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.
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.