CARBO Ceramics (NYSE:CRR) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Separately, Zacks Investment Research upgraded CARBO Ceramics from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.00.
CRR traded down $0.07 on Friday, hitting $3.85. 1,176,751 shares of the stock traded hands, compared to its average volume of 305,487. CARBO Ceramics has a 52 week low of $2.84 and a 52 week high of $11.86. The company has a quick ratio of 1.77, a current ratio of 2.25 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $110.11 million, a price-to-earnings ratio of -1.44 and a beta of 1.79.
CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings results on Thursday, January 31st. The oil and gas company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.18). CARBO Ceramics had a negative net margin of 35.34% and a negative return on equity of 19.90%. The firm had revenue of $49.57 million for the quarter. Equities research analysts expect that CARBO Ceramics will post -1.59 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in CRR. Oregon Public Employees Retirement Fund bought a new stake in shares of CARBO Ceramics in the 4th quarter valued at approximately $28,000. Magnus Financial Group LLC bought a new stake in shares of CARBO Ceramics in the 4th quarter valued at approximately $49,000. Creative Planning grew its stake in shares of CARBO Ceramics by 26.1% in the 4th quarter. Creative Planning now owns 16,886 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 3,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CARBO Ceramics in the 4th quarter valued at approximately $68,000. Finally, Virtu Financial LLC grew its stake in shares of CARBO Ceramics by 62.9% in the 4th quarter. Virtu Financial LLC now owns 20,836 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 8,047 shares during the period. Institutional investors own 78.31% of the company’s stock.
About CARBO Ceramics
CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, industrial, and environmental markets worldwide. It operates through two segments, Oilfield and Industrial Technologies and Services, and Environmental Technologies and Services. The Oilfield and Industrial Technologies and Services segment manufactures and sells oilfield ceramic technology products, base ceramic proppants, and frac sand proppants to pressure pumping companies, and oil and gas operators for use in the hydraulic fracturing of natural gas and oil wells.
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