CARBO Ceramics Inc. (NYSE:CRR) Major Shareholder Buys $198,800.00 in Stock

CARBO Ceramics Inc. (NYSE:CRR) major shareholder Wilks Brothers, Llc acquired 20,000 shares of the stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average price of $9.94 per share, for a total transaction of $198,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Wilks Brothers, Llc also recently made the following trade(s):

  • On Wednesday, November 14th, Wilks Brothers, Llc acquired 134,356 shares of CARBO Ceramics stock. The stock was acquired at an average price of $8.57 per share, for a total transaction of $1,151,430.92.

CARBO Ceramics Inc. (NYSE CRR) traded up $0.17 during trading hours on Wednesday, hitting $11.63. The company had a trading volume of 286,233 shares, compared to its average volume of 641,578. The company has a quick ratio of 3.31, a current ratio of 5.74 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $315.61, a P/E ratio of -1.24 and a beta of 2.00. CARBO Ceramics Inc. has a 12 month low of $5.83 and a 12 month high of $16.70.

CARBO Ceramics (NYSE:CRR) last posted its earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.16). The firm 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 quarterly revenue was up 148.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. equities research analysts predict that CARBO Ceramics Inc. will post -3.85 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of CARBO Ceramics by 70.0% in the third quarter. Wells Fargo & Company MN now owns 879,216 shares of the oil and gas company’s stock worth $7,588,000 after buying an additional 362,028 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of CARBO Ceramics by 34.5% in the second quarter. Ameriprise Financial Inc. now owns 548,679 shares of the oil and gas company’s stock worth $3,780,000 after buying an additional 140,807 shares in the last quarter. State Street Corp lifted its position in shares of CARBO Ceramics by 4.3% in the second quarter. State Street Corp now owns 501,406 shares of the oil and gas company’s stock worth $3,438,000 after buying an additional 20,824 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in CARBO Ceramics by 37.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 483,019 shares of the oil and gas company’s stock worth $4,169,000 after acquiring an additional 131,139 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in CARBO Ceramics by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 362,236 shares of the oil and gas company’s stock worth $2,481,000 after acquiring an additional 1,225 shares during the last quarter. Institutional investors own 74.36% of the company’s stock.

Several equities analysts have recently commented on CRR shares. Zacks Investment Research downgraded CARBO Ceramics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Scotiabank set a $12.00 price objective on CARBO Ceramics and gave the company a “hold” rating in a research report on Friday, October 27th. Cowen set a $11.00 price objective on CARBO Ceramics and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine upgraded CARBO Ceramics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.88.

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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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