Great West Life Assurance Co. Can Maintains Position in Carbo Ceramics, Inc. (CRR)
Great West Life Assurance Co. Can continued to hold its position in shares of Carbo Ceramics, Inc. (NYSE:CRR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,084 shares of the oil and gas company’s stock at the end of the 2nd quarter. Great West Life Assurance Co. Can owned 0.10% of Carbo Ceramics worth $192,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Carbo Ceramics by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 1,689,537 shares of the oil and gas company’s stock worth $22,031,000 after purchasing an additional 24,051 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Carbo Ceramics by 4.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,017,803 shares of the oil and gas company’s stock worth $13,272,000 after purchasing an additional 43,149 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in Carbo Ceramics in the 2nd quarter worth approximately $6,768,000. Dimensional Fund Advisors LP lifted its stake in Carbo Ceramics by 62.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 361,011 shares of the oil and gas company’s stock worth $4,708,000 after purchasing an additional 138,831 shares in the last quarter. Finally, Sprott Inc. lifted its stake in Carbo Ceramics by 73.0% in the 2nd quarter. Sprott Inc. now owns 320,000 shares of the oil and gas company’s stock worth $2,192,000 after purchasing an additional 135,000 shares in the last quarter. Institutional investors and hedge funds own 72.86% of the company’s stock.
Several analysts have issued reports on the stock. ValuEngine cut shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Scotiabank set a $12.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, July 28th. Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $5.00 target price (down from $7.50) on shares of Carbo Ceramics in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.06.
Carbo Ceramics, Inc. (NYSE:CRR) opened at 7.53 on Friday. The stock has a 50 day moving average of $6.81 and a 200-day moving average of $8.43. The company’s market cap is $204.42 million. Carbo Ceramics, Inc. has a one year low of $5.66 and a one year high of $16.70.
Carbo Ceramics (NYSE:CRR) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.07). Carbo Ceramics had a negative return on equity of 12.72% and a negative net margin of 72.46%. The company had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $36.50 million. During the same period last year, the firm posted ($0.88) EPS. Carbo Ceramics’s quarterly revenue was up 111.0% compared to the same quarter last year. On average, equities analysts predict that Carbo Ceramics, Inc. will post ($3.63) EPS for the current fiscal year.
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Carbo Ceramics Profile
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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