Carbo Ceramics Inc. (NYSE:CRR) traded up 5.6% during mid-day trading on Thursday . The stock traded as high as $13.81 and last traded at $13.29, with a volume of 277,300 shares traded. The stock had previously closed at $12.59.

Several research analysts have commented on the stock. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $8.00 target price on shares of Carbo Ceramics in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Canaccord Genuity reissued a “hold” rating on shares of Carbo Ceramics in a research report on Sunday, May 8th. Scotiabank reissued a “sector perform” rating and issued a $15.00 price target (down from $18.00) on shares of Carbo Ceramics in a research report on Tuesday, June 7th. Finally, Howard Weil reduced their price target on shares of Carbo Ceramics from $18.00 to $15.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.57.

The company’s market cap is $306.19 million. The stock has a 50 day moving average of $12.83 and a 200 day moving average of $15.40.

Carbo Ceramics (NYSE:CRR) last released its earnings results on Thursday, April 28th. The company reported ($1.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by $0.17. The business earned $33.10 million during the quarter, compared to analysts’ expectations of $38.86 million. The business’s quarterly revenue was down 55.1% on a year-over-year basis. During the same quarter last year, the firm earned ($1.24) EPS. Analysts expect that Carbo Ceramics Inc. will post ($3.24) EPS for the current year.

Other large investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. boosted its stake in Carbo Ceramics by 16.1% in the fourth quarter. Heartland Advisors Inc. now owns 1,221,124 shares of the company’s stock valued at $21,003,000 after buying an additional 169,528 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Carbo Ceramics by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 128,745 shares of the company’s stock valued at $2,214,000 after buying an additional 5,625 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Carbo Ceramics during the fourth quarter valued at approximately $2,288,000. Finally, California Public Employees Retirement System boosted its stake in Carbo Ceramics by 15.1% in the fourth quarter. California Public Employees Retirement System now owns 152,800 shares of the company’s stock valued at $2,628,000 after buying an additional 20,100 shares during the last quarter.

Carbo Ceramics Inc is an oilfield services technology company. The Company supplies ceramic proppant. The Company also sells sand and resin-coated proppants. Additionally, it provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures.

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