Carbo Ceramics Inc. (NYSE:CRR) was down 3.4% on Wednesday . The company traded as low as $13.92 and last traded at $14.13, with a volume of 285,318 shares traded. The stock had previously closed at $14.63.

A number of equities research analysts recently weighed in on CRR shares. Canaccord Genuity reiterated a “hold” rating on shares of Carbo Ceramics in a research report on Sunday, May 8th. Howard Weil reduced their price target on 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 reiterated 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. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $8.00 price target on shares of Carbo Ceramics in a research report on Wednesday, June 15th. Finally, Zacks Investment Research lowered Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.57.

The firm has a 50-day moving average price of $13.35 and a 200-day moving average price of $14.79. The stock’s market cap is $329.68 million.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.88) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.89) by $0.01. During the same quarter in the previous year, the business earned ($0.41) EPS. The firm had revenue of $20.70 million for 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. On average, analysts anticipate that Carbo Ceramics Inc. will post ($3.16) earnings per share for the current year.

A hedge fund recently bought a new stake in Carbo Ceramics stock. Schroder Investment Management Group purchased a new position in shares of Carbo Ceramics Inc. (NYSE:CRR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 filing with the SEC.

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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