Shares of Carbo Ceramics Inc. (NYSE:CRR) were down 2.8% on Monday . The company traded as low as $12.97 and last traded at $12.97, with a volume of 161,714 shares traded. The stock had previously closed at $13.34.

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

The stock’s market cap is $311.59 million. The company has a 50-day moving average of $12.93 and a 200-day moving average of $15.36.

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

Other institutional investors recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Carbo Ceramics during the fourth quarter valued at about $2,288,000. Heartland Advisors Inc. boosted its position in shares of 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 in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of 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 in 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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