Shares of Carbo Ceramics Inc. (NYSE:CRR) traded down 4% during trading on Monday . The stock traded as low as $12.04 and last traded at $12.16, with a volume of 386,533 shares trading hands. The stock had previously closed at $12.67.

Several analysts have commented on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Carbo Ceramics in a research report on Sunday, May 8th. Zacks Investment Research cut shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $8.00 target price on shares of Carbo Ceramics in a research report on Wednesday, June 15th. Scotiabank reiterated a “sector perform” rating and set a $15.00 target price (down previously from $18.00) on shares of Carbo Ceramics in a research report on Tuesday, June 7th. Finally, Howard Weil dropped their target price 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. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.57.

The company’s 50 day moving average price is $13.34 and its 200-day moving average price is $15.03. The stock’s market capitalization is $280.15 million.

Carbo Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ 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. The business’s quarterly revenue was down 55.1% compared to the same quarter last year. During the same period last year, the firm earned ($1.24) earnings per share. On average, equities analysts expect that Carbo Ceramics Inc. will post ($3.24) earnings per share for the current year.

An institutional investor recently bought a new position in Carbo Ceramics stock. Schroder Investment Management Group acquired a new position in Carbo Ceramics Inc. (NYSE:CRR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 133,000 shares of the company’s stock, valued at approximately $2,288,000. Schroder Investment Management Group owned 0.58% of Carbo Ceramics as of its most recent SEC filing.

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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