CARBO Ceramics Inc. (NYSE:CRR) Major Shareholder Wilks Brothers, Llc Buys 20,000 Shares

CARBO Ceramics Inc. (NYSE:CRR) major shareholder Wilks Brothers, Llc bought 20,000 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were acquired at an average cost of $9.94 per share, with a total value of $198,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, November 14th, Wilks Brothers, Llc bought 134,356 shares of CARBO Ceramics stock. The shares were acquired at an average cost of $8.57 per share, with a total value of $1,151,430.92.

CARBO Ceramics Inc. (NYSE:CRR) opened at $11.47 on Thursday. CARBO Ceramics Inc. has a fifty-two week low of $5.83 and a fifty-two week high of $16.70. 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 $311.26, a price-to-earnings ratio of -1.22 and a beta of 2.00.

CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.81) by ($0.16). CARBO Ceramics had a negative net margin of 79.49% and a negative return on equity of 16.48%. The business had revenue of $50.20 million during the quarter, compared to analyst estimates of $46.98 million. During the same quarter in the prior year, the business earned ($0.49) earnings per share. The firm’s quarterly revenue was up 148.5% on a year-over-year basis. research analysts anticipate that CARBO Ceramics Inc. will post -3.85 EPS for the current year.

Several research firms have recently commented on CRR. Zacks Investment Research upgraded CARBO Ceramics from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research report on Wednesday, September 27th. Scotiabank set a $12.00 price target on CARBO Ceramics and gave the stock a “hold” rating in a research report on Friday, October 27th. Cowen set a $11.00 price target on CARBO Ceramics and gave the stock 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 report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.88.

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new stake in shares of CARBO Ceramics during the second quarter worth about $103,000. EagleClaw Capital Managment LLC acquired a new position in CARBO Ceramics in the 3rd quarter valued at about $155,000. Ahrens Investment Partners LLC increased its position in CARBO Ceramics by 67.8% in the 3rd quarter. Ahrens Investment Partners LLC now owns 19,300 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 7,800 shares during the period. Royal Bank of Canada increased its position in CARBO Ceramics by 12.4% in the 2nd quarter. Royal Bank of Canada now owns 28,063 shares of the oil and gas company’s stock valued at $192,000 after acquiring an additional 3,092 shares during the period. Finally, Alliancebernstein L.P. increased its position in CARBO Ceramics by 44.8% in the 2nd quarter. Alliancebernstein L.P. now owns 36,500 shares of the oil and gas company’s stock valued at $250,000 after acquiring an additional 11,300 shares during the period. Institutional investors and hedge funds own 74.36% 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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