Carbo Ceramics, Inc. (NYSE:CRR) shot up 6.5% during mid-day trading on Tuesday . The stock 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.

Several brokerages have issued reports on CRR. ValuEngine lowered shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Scotiabank set a $12.00 target price on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Friday, July 28th. Cowen and Company dropped their target price on shares of Carbo Ceramics from $15.00 to $10.50 and set a “market perform” rating for the company in a research report on Wednesday, May 10th. Finally, Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.06.

The firm’s market cap is $188.40 million. The company has a 50-day moving average of $6.74 and a 200-day moving average of $8.64.

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

Several institutional investors have recently bought and sold shares of CRR. Teachers Advisors LLC increased its position in shares of Carbo Ceramics by 41.3% in the fourth quarter. Teachers Advisors LLC now owns 47,416 shares of the oil and gas company’s stock valued at $496,000 after buying an additional 13,861 shares in the last quarter. Creative Planning boosted its stake in shares of Carbo Ceramics by 70.2% in the first quarter. Creative Planning now owns 8,488 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 3,502 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Carbo Ceramics by 26.3% in the first quarter. Nationwide Fund Advisors now owns 15,592 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 3,248 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Carbo Ceramics by 4.4% in the first quarter. Wells Fargo & Company MN now owns 1,017,803 shares of the oil and gas company’s stock worth $13,272,000 after acquiring an additional 43,149 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Carbo Ceramics by 15.3% in the first quarter. Great West Life Assurance Co. Can now owns 28,084 shares of the oil and gas company’s stock worth $365,000 after acquiring an additional 3,724 shares during the last quarter. 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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