Carbo Ceramics Inc. (NYSE:CRR) fell 1.8% during trading on Tuesday . The stock traded as low as $12.80 and last traded at $12.83, with a volume of 366,400 shares. The stock had previously closed at $13.07.

Several brokerages recently commented on CRR. 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. reaffirmed a “sell” rating and set a $8.00 target price on shares of Carbo Ceramics in a report on Wednesday, June 15th. Scotiabank reaffirmed a “sector perform” rating and set a $15.00 target price (down previously from $18.00) on shares of Carbo Ceramics in a report on Tuesday, June 7th. 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 report on Tuesday, June 7th. Finally, Canaccord Genuity reaffirmed 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 given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.57.

The company’s 50-day moving average price is $13.61 and its 200-day moving average price is $14.57. The company’s market cap is $303.36 million.

Carbo Ceramics (NYSE:CRR) last released its earnings results on Thursday, July 28th. The company reported ($0.88) EPS for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.01. The business earned $20.70 million during the quarter, compared to analyst estimates of $24.70 million. During the same period last year, the business posted ($0.41) EPS. Carbo Ceramics’s revenue was down 71.8% compared to the same quarter last year. Equities analysts forecast that Carbo Ceramics Inc. will post ($3.24) EPS for the current fiscal year.

An institutional investor recently raised its position in Carbo Ceramics stock. California Public Employees Retirement System raised its position in shares of Carbo Ceramics Inc. (NYSE:CRR) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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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