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According to Zacks, “CARBO Ceramics Inc. is an oilfield services technology company that provides industry-leading production enhancement and environmental services solutions. By integrating technologies and intellectual capital to design, build and optimize fractures, CARBO delivers complete production enhancement solutions to help oilfield service companies and E&P clients increase the production of oil and natural gas wells and achieve higher ultimate recovery rates. The Company also provides high-performance spill prevention and containment solutions that are engineered to protect the client’s entire wellsite as well as the environment. “
Several other equities analysts also recently commented on the stock. Piper Jaffray Companies set a $1.00 price objective on shares of CARBO Ceramics and gave the company a hold rating in a research note on Friday, July 26th. ValuEngine raised shares of CARBO Ceramics from a sell rating to a hold rating in a research note on Thursday, August 1st.
NYSE:CRR traded down $0.12 on Wednesday, hitting $1.56. The company had a trading volume of 156,830 shares, compared to its average volume of 381,028. The stock has a market capitalization of $44.36 million, a price-to-earnings ratio of -0.58 and a beta of 1.63. The company has a current ratio of 3.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $2.01 and a two-hundred day moving average of $1.74. CARBO Ceramics has a 52 week low of $0.83 and a 52 week high of $5.32.
CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Friday, November 8th. The oil and gas company reported ($1.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.53). The company had revenue of $43.50 million during the quarter, compared to the consensus estimate of $45.88 million. CARBO Ceramics had a negative net margin of 37.95% and a negative return on equity of 21.61%. CARBO Ceramics’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.62) EPS. As a group, equities analysts forecast that CARBO Ceramics will post -2.22 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in CRR. Tower Research Capital LLC TRC raised its stake in shares of CARBO Ceramics by 266.4% during the third quarter. Tower Research Capital LLC TRC now owns 10,333 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 7,513 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of CARBO Ceramics during the second quarter valued at $37,000. SG Americas Securities LLC bought a new position in shares of CARBO Ceramics during the second quarter valued at $66,000. Greatmark Investment Partners Inc. raised its stake in shares of CARBO Ceramics by 109.9% during the third quarter. Greatmark Investment Partners Inc. now owns 30,125 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 15,775 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of CARBO Ceramics during the second quarter valued at $86,000. 57.20% of the stock is owned by hedge funds and other institutional investors.
CARBO Ceramics Company Profile
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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