Shares of Carbo Ceramics Inc. (NYSE:CRR) fell 5.2% during mid-day trading on Tuesday . The stock traded as low as $12.86 and last traded at $12.95, with a volume of 360,600 shares trading hands. The stock had previously closed at $13.66.

Several research firms have recently issued reports on CRR. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $8.00 price target on shares of Carbo Ceramics in a research report on Wednesday, June 15th. Scotiabank reissued a “sector perform” rating and issued a $15.00 price target (down previously from $18.00) on shares of Carbo Ceramics in a research report on Tuesday, June 7th. Howard Weil lowered their price target 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. Finally, Canaccord Genuity reaffirmed 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, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.57.

The company’s market cap is $312.99 million. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $14.90.

Carbo Ceramics (NYSE:CRR) last issued its quarterly 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 analysts’ expectations of $24.70 million. The company’s revenue for the quarter was down 71.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.41) EPS. Analysts forecast that Carbo Ceramics Inc. will post ($3.31) EPS for the current year.

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