Shares of CARBO Ceramics Inc. (NYSE:CRR) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.67.

A number of research firms have commented on CRR. ValuEngine raised CARBO Ceramics from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. OTR Global cut CARBO Ceramics to an “underperform” rating in a report on Tuesday, July 24th.

Large investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. bought a new stake in CARBO Ceramics during the second quarter valued at about $1,850,000. Brown Advisory Inc. increased its holdings in shares of CARBO Ceramics by 38.7% in the first quarter. Brown Advisory Inc. now owns 21,176 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 5,910 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of CARBO Ceramics by 66.3% in the second quarter. Bank of America Corp DE now owns 24,525 shares of the oil and gas company’s stock worth $225,000 after purchasing an additional 9,780 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of CARBO Ceramics in the second quarter worth about $232,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of CARBO Ceramics in the first quarter worth about $224,000. 81.28% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CRR opened at $7.58 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.16. The stock has a market cap of $217.49 million, a price-to-earnings ratio of -2.01 and a beta of 1.50. CARBO Ceramics has a 52 week low of $6.10 and a 52 week high of $12.69.

CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, July 26th. The oil and gas company reported ($0.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.02). The business had revenue of $58.00 million for the quarter, compared to the consensus estimate of $62.51 million. CARBO Ceramics had a negative net margin of 49.19% and a negative return on equity of 20.28%. CARBO Ceramics’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.93) earnings per share. analysts predict that CARBO Ceramics will post -1.9 earnings per share for the current fiscal year.

About CARBO Ceramics

CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, and industrial markets worldwide. The company operates in two segments, Oilfield Technologies and Services, and Environmental Products and Services. The Oilfield Technologies and Services segment manufactures and sells ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells to pressure pumping companies; produces ceramic pellets for use in various industrial technology applications, such as casting and milling; and provides technology to design, build, and optimize the Frac.

Further Reading: Calculate Your Return on Investment (ROI)

Receive News & Ratings for CARBO Ceramics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CARBO Ceramics and related companies with MarketBeat.com's FREE daily email newsletter.