Carbo Ceramics Inc. (NYSE:CRR)’s share price fell 5.2% during mid-day trading on Tuesday . The stock traded as low as $12.86 and last traded at $12.95, with a volume of 360,600 shares trading hands. The stock had previously closed at $13.66.

Several brokerages have recently issued reports on CRR. Canaccord Genuity reissued a “hold” rating on shares of Carbo Ceramics in a report on Sunday, May 8th. Scotiabank reaffirmed a “sector perform” rating and issued a $15.00 price objective (down from $18.00) on shares of Carbo Ceramics in a research report on Tuesday, June 7th. Zacks Investment Research cut shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Howard Weil cut their price objective 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. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $8.00 price objective on shares of Carbo Ceramics in a research report on Wednesday, June 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Carbo Ceramics presently has a consensus rating of “Hold” and a consensus price target of $18.57.

The stock’s market cap is $323.33 million. The firm has a 50-day moving average of $13.26 and a 200-day moving average of $14.84.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.88) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.01. During the same period last year, the business posted ($0.41) earnings per share. The business earned $20.70 million during the quarter, compared to the consensus estimate of $24.70 million. The firm’s quarterly revenue was down 71.8% on a year-over-year basis. Equities research analysts predict that Carbo Ceramics Inc. will post ($3.16) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Carbo Ceramics stock. California Public Employees Retirement System boosted its position in shares of 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 0.66% of Carbo Ceramics worth $2,628,000 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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