Carbo Ceramics Inc. (NYSE:CRR) was up 5.7% on Thursday . The company traded as high as $14.89 and last traded at $14.74, with a volume of 422,585 shares changing hands. The stock had previously closed at $13.94.

Several equities research analysts have commented on CRR shares. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Canaccord Genuity reaffirmed a “hold” rating on shares of Carbo Ceramics in a report on Sunday, May 8th. Scotiabank reaffirmed a “sector perform” rating and issued a $15.00 price target (down from $18.00) on shares of Carbo Ceramics in a 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 report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $8.00 price target on shares of Carbo Ceramics in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.57.

The firm has a 50-day moving average of $13.58 and a 200-day moving average of $14.70. The company’s market capitalization is $339.31 million.

Carbo Ceramics (NYSE:CRR) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.88) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.01. The company had revenue of $20.70 million for the quarter, compared to analyst estimates of $24.70 million. During the same quarter in the prior year, the business earned ($0.41) earnings per share. Carbo Ceramics’s revenue was down 71.8% compared to the same quarter last year. Analysts forecast that Carbo Ceramics Inc. will post ($3.24) 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 stake in Carbo Ceramics Inc. (NYSE:CRR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 133,000 shares of the company’s stock, valued at approximately $2,288,000. Schroder Investment Management Group owned approximately 0.58% of Carbo Ceramics 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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