Scotiabank set a $12.00 target price on Carbo Ceramics, Inc. (NYSE:CRR) in a research report report published on Friday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.

Several other research firms have also recently weighed in on CRR. Cowen and Company lowered their price objective on shares of Carbo Ceramics from $15.00 to $10.50 and set a market perform rating on the stock in a research report on Wednesday, May 10th. ValuEngine upgraded shares of Carbo Ceramics from a strong sell rating to a sell rating in a research report on Tuesday, July 25th. Morgan Stanley restated an underweight rating and set a $5.00 price objective (down previously from $7.50) on shares of Carbo Ceramics in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $9.00 price objective on shares of Carbo Ceramics and gave the company a hold rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Carbo Ceramics from a hold rating to a sell rating in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $11.06.

Shares of Carbo Ceramics (NYSE:CRR) opened at 7.07 on Friday. The company’s market cap is $191.93 million. The firm’s 50 day moving average is $6.77 and its 200-day moving average is $9.94. Carbo Ceramics has a 1-year low of $5.66 and a 1-year high of $16.70.

Carbo Ceramics (NYSE:CRR) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.93) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by $0.07. The company had revenue of $43.57 million for the quarter, compared to analysts’ expectations of $36.50 million. Carbo Ceramics had a negative net margin of 72.46% and a negative return on equity of 12.72%. The business’s quarterly revenue was up 111.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.88) EPS. Equities analysts expect that Carbo Ceramics will post ($3.49) earnings per share for the current year.

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In other Carbo Ceramics news, VP Ernesto Bautista III bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were bought at an average price of $6.38 per share, for a total transaction of $31,900.00. Following the transaction, the vice president now directly owns 82,898 shares in the company, valued at $528,889.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary A. Kolstad bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average price of $6.37 per share, for a total transaction of $127,400.00. Following the transaction, the insider now owns 278,135 shares in the company, valued at $1,771,719.95. The disclosure for this purchase can be found here. 18.00% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of CRR. Texas Permanent School Fund boosted its position in shares of Carbo Ceramics by 0.8% in the second quarter. Texas Permanent School Fund now owns 15,456 shares of the oil and gas company’s stock worth $106,000 after buying an additional 128 shares during the last quarter. First Midwest Bank Trust Division boosted its position in shares of Carbo Ceramics by 2.3% in the second quarter. First Midwest Bank Trust Division now owns 114,875 shares of the oil and gas company’s stock worth $787,000 after buying an additional 2,614 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Carbo Ceramics during the second quarter worth approximately $6,768,000. US Bancorp DE boosted its position in shares of Carbo Ceramics by 0.3% in the second quarter. US Bancorp DE now owns 40,614 shares of the oil and gas company’s stock worth $278,000 after buying an additional 114 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its position in shares of Carbo Ceramics by 169.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 104,950 shares of the oil and gas company’s stock worth $750,000 after buying an additional 66,024 shares during the last quarter. Institutional investors own 84.36% of the company’s stock.

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.

Analyst Recommendations for Carbo Ceramics (NYSE:CRR)

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