Cowen set a $8.00 target price on CARBO Ceramics (NYSE:CRR) in a report issued on Thursday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.
Separately, Zacks Investment Research cut CARBO Ceramics from a hold rating to a sell rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of $8.65.
Shares of CARBO Ceramics (CRR) opened at $7.63 on Thursday. CARBO Ceramics has a 12 month low of $5.83 and a 12 month high of $13.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.75 and a current ratio of 4.61.
CARBO Ceramics (NYSE:CRR) last released its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.02). CARBO Ceramics had a negative net margin of 67.47% and a negative return on equity of 20.27%. The firm had revenue of $60.34 million during the quarter, compared to analyst estimates of $56.87 million. During the same period in the prior year, the business earned ($0.35) EPS. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. equities analysts anticipate that CARBO Ceramics will post -1.67 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. EagleClaw Capital Managment LLC bought a new position in shares of CARBO Ceramics in the 3rd quarter valued at about $155,000. Royal Bank of Canada grew its holdings in shares of 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 in the last quarter. Arizona State Retirement System grew its holdings in shares of CARBO Ceramics by 223.7% in the 4th quarter. Arizona State Retirement System now owns 36,943 shares of the oil and gas company’s stock valued at $376,000 after acquiring an additional 25,529 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of CARBO Ceramics by 1,265.8% in the 3rd quarter. Pinebridge Investments L.P. now owns 38,105 shares of the oil and gas company’s stock valued at $329,000 after acquiring an additional 35,315 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of CARBO Ceramics by 121.2% in the 4th quarter. Deutsche Bank AG now owns 51,902 shares of the oil and gas company’s stock valued at $527,000 after acquiring an additional 28,441 shares in the last quarter. Institutional investors own 69.64% 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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