Shares of Carbo Ceramics Inc. (NYSE:CRR) were down 4.2% on Wednesday . The stock traded as low as $13.55 and last traded at $13.82, with a volume of 256,391 shares traded. The stock had previously closed at $14.43.

Several analysts have recently weighed in on CRR shares. Zacks Investment Research downgraded Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Howard Weil reduced 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 report on Tuesday, June 7th. Scotiabank reiterated a “sector perform” rating and issued a $15.00 target price (down from $18.00) on shares of Carbo Ceramics in a report on Tuesday, June 7th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $8.00 target price on shares of Carbo Ceramics in a report on Wednesday, June 15th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Carbo Ceramics in a report on Sunday, May 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.57.

The company’s 50 day moving average price is $13.63 and its 200 day moving average price is $14.63. The stock’s market cap is $309.00 million.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.01. The firm had revenue of $20.70 million for the quarter, compared to analysts’ expectations of $24.70 million. During the same quarter in the prior year, the business earned ($0.41) EPS. The company’s quarterly revenue was down 71.8% compared to the same quarter last year. Equities research analysts expect that Carbo Ceramics Inc. will post ($3.24) EPS for the current year.

An institutional investor recently raised its position in Carbo Ceramics stock. Schwab Charles Investment Management Inc. increased its stake in shares of Carbo Ceramics Inc. (NYSE:CRR) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,779 shares of the company’s stock after buying an additional 17,649 shares during the period. Schwab Charles Investment Management Inc. owned 0.59% of Carbo Ceramics worth $2,336,000 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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