Carbo Ceramics, Inc. (NYSE:CRR) shares traded down 0.1% on Tuesday . The company traded as low as $8.30 and last traded at $9.44. 1,291,600 shares were traded during trading, an increase of 34% from the average session volume of 963,451 shares. The stock had previously closed at $9.45.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Carbo Ceramics from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Wednesday, September 27th. ValuEngine raised shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Cowen and Company set a $11.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Friday, October 6th. Scotiabank set a $12.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies set a $9.00 price objective on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Carbo Ceramics presently has a consensus rating of “Hold” and an average price target of $10.75.

The company has a current ratio of 5.74, a quick ratio of 3.31 and a debt-to-equity ratio of 0.20.

Carbo Ceramics (NYSE:CRR) last posted its earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.81) by ($0.16). The business had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $46.98 million. Carbo Ceramics had a negative return on equity of 16.48% and a negative net margin of 79.49%. Carbo Ceramics’s revenue for the quarter was up 148.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.49) EPS. research analysts forecast that Carbo Ceramics, Inc. will post -3.74 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CRR. Alliancebernstein L.P. increased its stake in shares of Carbo Ceramics by 28.6% in the first quarter. Alliancebernstein L.P. now owns 25,200 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 5,600 shares in the last quarter. Principal Financial Group Inc. grew its stake in Carbo Ceramics by 4.6% during the first quarter. Principal Financial Group Inc. now owns 160,919 shares of the oil and gas company’s stock valued at $2,098,000 after acquiring an additional 7,047 shares in the last quarter. Teachers Advisors LLC grew its stake in Carbo Ceramics by 26.4% during the first quarter. Teachers Advisors LLC now owns 59,913 shares of the oil and gas company’s stock valued at $781,000 after acquiring an additional 12,497 shares in the last quarter. Legal & General Group Plc grew its stake in Carbo Ceramics by 4.0% during the first quarter. Legal & General Group Plc now owns 36,363 shares of the oil and gas company’s stock valued at $474,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in 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 acquiring an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

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Carbo Ceramics Company 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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