Carbo Ceramics, Inc. (NYSE:CRR)’s share price traded up 6.5% on Tuesday . The company traded as high as $6.77 and last traded at $6.76. 1,001,320 shares were traded during trading, an increase of 4% from the average session volume of 959,627 shares. The stock had previously closed at $6.35.

CRR has been the topic of several recent research reports. ValuEngine lowered Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Scotiabank set a $12.00 price target on Carbo Ceramics and gave the stock a “hold” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $9.00 price target on Carbo Ceramics and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, Morgan Stanley restated an “underweight” rating and set a $5.00 price target (down from $7.50) on shares of Carbo Ceramics in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Carbo Ceramics has an average rating of “Hold” and a consensus price target of $11.06.

The stock has a 50-day moving average of $6.76 and a 200-day moving average of $8.72. The company’s market cap is $183.51 million.

Carbo Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.86) by $0.07. Carbo Ceramics had a negative net margin of 72.46% and a negative return on equity of 12.72%. The company had revenue of $43.57 million for the quarter, compared to analysts’ expectations of $36.50 million. During the same quarter last year, the company earned ($0.88) earnings per share. The company’s revenue for the quarter was up 111.0% on a year-over-year basis. Equities research analysts predict that Carbo Ceramics, Inc. will post ($3.63) earnings per share for the current year.

A number of hedge funds have recently modified their holdings of CRR. Creative Planning grew its stake in shares of Carbo Ceramics by 70.2% during the first quarter. Creative Planning now owns 8,488 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 3,502 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Carbo Ceramics by 13.9% during the first quarter. Public Employees Retirement System of Ohio now owns 9,786 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 1,196 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Carbo Ceramics by 1.8% during the first quarter. Arizona State Retirement System now owns 11,014 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 200 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Carbo Ceramics by 7.4% during the first quarter. Thrivent Financial For Lutherans now owns 11,980 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 830 shares during the last quarter. Finally, AXA bought a new position in shares of Carbo Ceramics during the first quarter valued at approximately $156,000. Institutional investors and hedge funds own 72.86% of the company’s stock.

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About Carbo Ceramics

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

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