Carbo Ceramics Inc. (NYSE:CRR) shares traded down 1.8% on Tuesday . The company 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.

A number of research analysts recently weighed in on the company. Scotiabank reissued a “sector perform” rating and set a $15.00 target price (down from $18.00) on shares of Carbo Ceramics in a report on Tuesday, June 7th. Howard Weil decreased their target price on Carbo Ceramics from $18.00 to $15.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 7th. Zacks Investment Research lowered Carbo Ceramics from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Goldman Sachs Group Inc. reissued a “sell” rating and set a $8.00 target price on shares of Carbo Ceramics in a report on Wednesday, June 15th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Carbo Ceramics in a report on Sunday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.57.

The firm’s 50 day moving average price is $13.55 and its 200-day moving average price is $14.55. The company’s market capitalization is $287.62 million.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.89) by $0.01. During the same period last year, the company 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 business’s revenue was down 71.8% compared to the same quarter last year. Analysts anticipate that Carbo Ceramics Inc. will post ($3.24) earnings per share for the current year.

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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