Carbo Ceramics Inc. (NYSE:CRR) shares rose 5.7% on Thursday . The stock traded as high as $14.89 and last traded at $14.74, with a volume of 422,585 shares changing hands. The stock had previously closed at $13.94.

CRR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Goldman Sachs Group Inc. restated a “sell” rating and set a $8.00 target price on shares of Carbo Ceramics in a research report on Wednesday, June 15th. Howard Weil decreased their target price 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. Scotiabank restated 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, Canaccord Genuity restated a “hold” rating on shares of Carbo Ceramics in a research report on Sunday, May 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.57.

The company’s market cap is $345.42 million. The firm’s 50 day moving average price is $13.49 and its 200 day moving average price is $14.71.

Carbo Ceramics (NYSE:CRR) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.88) EPS for the quarter, topping the consensus estimate of ($0.89) by $0.01. The company earned $20.70 million during the quarter, compared to the consensus estimate of $24.70 million. The business’s revenue was down 71.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.41) EPS. Equities research analysts expect that Carbo Ceramics Inc. will post ($3.24) EPS for the current fiscal year.

A hedge fund recently bought a new stake in Carbo Ceramics stock. Schroder Investment Management Group acquired a new stake in Carbo Ceramics Inc. (NYSE:CRR) during the fourth quarter, according to its most recent 13F 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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