Carbo Ceramics Inc. (NYSE:CRR) shares rose 5.8% on Wednesday . The company traded as high as $14.09 and last traded at $14.09, with a volume of 225,756 shares changing hands. The stock had previously closed at $13.32.

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

The firm has a 50-day moving average price of $13.26 and a 200-day moving average price of $14.84. The firm’s market cap is $328.03 million.

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

An institutional investor recently bought a new position in Carbo Ceramics stock. Schroder Investment Management Group bought a new position in shares of Carbo Ceramics Inc. (NYSE:CRR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 133,000 shares of the company’s stock, valued at approximately $2,288,000. Schroder Investment Management Group owned 0.58% of Carbo Ceramics at the end of the most recent 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.

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