Shares of Carbo Ceramics Inc. (NYSE:CRR) rose 4.1% on Thursday . The company traded as high as $14.44 and last traded at $14.23, with a volume of 166,100 shares traded. The stock had previously closed at $13.67.

CRR has been the topic of a number of recent research reports. 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 reaffirmed a “hold” rating on shares of Carbo Ceramics in a research report on Sunday, May 8th. Howard Weil reduced their target price on shares of Carbo Ceramics from $18.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $15.00 target price (down from $18.00) on shares of Carbo Ceramics in a research report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $8.00 target price on shares of Carbo Ceramics in a research report on Wednesday, June 15th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.57.

The firm has a 50-day moving average of $13.16 and a 200 day moving average of $15.27. The firm’s market cap is $329.89 million.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, April 28th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.90) by $0.17. The company earned $33.10 million during the quarter, compared to analysts’ expectations of $38.86 million. Carbo Ceramics’s quarterly revenue was down 55.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.24) EPS. On average, equities analysts expect that Carbo Ceramics Inc. will post ($3.24) earnings per share for the current fiscal year.

Other hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new stake in Carbo Ceramics during the fourth quarter valued at $2,288,000. Heartland Advisors Inc. increased 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 worth $21,003,000 after buying an additional 169,528 shares in the last quarter. Finally, California Public Employees Retirement System increased 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 worth $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.