Carbo Ceramics Inc. (NYSE:CRR)’s share price was down 3.2% on Monday . The company traded as low as $13.00 and last traded at $13.34, with a volume of 216,559 shares traded. The stock had previously closed at $13.78.

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

The stock’s 50 day moving average price is $13.28 and its 200 day moving average price is $15.16. The firm’s market capitalization is $301.97 million.

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

A hedge fund recently raised its stake in Carbo Ceramics stock. California Public Employees Retirement System boosted its stake in Carbo Ceramics Inc. (NYSE:CRR) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,800 shares of the company’s stock after buying an additional 20,100 shares during the period. California Public Employees Retirement System owned about 0.66% of Carbo Ceramics worth $2,628,000 at the end of the most recent reporting period.

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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