Shares of Carbo Ceramics, Inc. (NYSE:CRR) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$11.00.
Several equities research analysts have issued reports on CRR shares. ValuEngine upgraded shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies set a $9.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Thursday, July 27th. Scotiabank set a $12.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company set a $11.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, October 6th.
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Several hedge funds have recently made changes to their positions in CRR. UBS Asset Management Americas Inc. purchased a new position in shares of Carbo Ceramics in the second quarter valued at $103,000. Texas Permanent School Fund raised its holdings in Carbo Ceramics by 0.8% in the second quarter. Texas Permanent School Fund now owns 15,456 shares of the company’s stock valued at $106,000 after acquiring an additional 128 shares in the last quarter. Creative Planning raised its holdings in Carbo Ceramics by 101.5% in the second quarter. Creative Planning now owns 17,106 shares of the company’s stock valued at $117,000 after acquiring an additional 8,618 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Carbo Ceramics by 13.9% in the first quarter. Public Employees Retirement System of Ohio now owns 9,786 shares of the company’s stock valued at $128,000 after acquiring an additional 1,196 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Carbo Ceramics by 7.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,980 shares of the company’s stock valued at $156,000 after acquiring an additional 830 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.
Shares of Carbo Ceramics (NYSE CRR) opened at C$9.45 on Monday. The company has a quick ratio of 3.39, a current ratio of 5.74 and a debt-to-equity ratio of 0.16. Carbo Ceramics has a 52 week low of C$5.83 and a 52 week high of C$16.70.
Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of C$46.98 million. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. Carbo Ceramics’s quarterly revenue was up 148.5% compared to the same quarter last year. research analysts expect that Carbo Ceramics will post -3.74 earnings per share for the current fiscal year.
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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