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

CRR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Howard Weil lowered their price target on Carbo Ceramics from $18.00 to $15.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $15.00 price target (down from $18.00) on shares of Carbo Ceramics in a research note on Tuesday, June 7th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $8.00 price target on shares of Carbo Ceramics in a research note on Wednesday, June 15th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Carbo Ceramics in a research note on Sunday, May 8th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.57.

The firm has a 50-day moving average of $13.26 and a 200 day moving average of $15.24. The firm’s market capitalization is $323.32 million.

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

Other hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group purchased a new stake in shares of Carbo Ceramics during the fourth quarter worth approximately $2,288,000. Heartland Advisors Inc. raised its stake 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 during the last quarter. Finally, California Public Employees Retirement System raised its stake 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 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.

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.