CARBO Ceramics Stock Rating Reaffirmed by Cowen and Company (CRR)
CARBO Ceramics (NYSE:CRR)‘s stock had its “market perform” rating reiterated by stock analysts at Cowen and Company in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson initiated coverage on shares of CARBO Ceramics in a research note to investors on Monday, September 30th. They set a “neutral” rating and a $102.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of CARBO Ceramics from $98.00 to $115.00 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of CARBO Ceramics from $80.00 to $88.00 in a research note to investors on Wednesday, August 28th. They now have a “sector perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CARBO Ceramics has a consensus rating of “Hold” and an average target price of $93.12.
CARBO Ceramics (NYSE:CRR) opened at 99.09 on Wednesday. CARBO Ceramics has a 52 week low of $60.33 and a 52 week high of $106.51. The stock’s 50-day moving average is $92.49 and its 200-day moving average is $80.74. The company has a market cap of $2.287 billion and a P/E ratio of 29.50.
CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.04. The company had revenue of $153.74 million for the quarter, compared to the consensus estimate of $145.49 million. During the same quarter last year, the company posted $1.38 earnings per share. CARBO Ceramics’s revenue was down 13.5% compared to the same quarter last year. On average, analysts predict that CARBO Ceramics will post $3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, October 30th.
CARBO Ceramics Inc is the supplier of ceramic proppant and the resin-coated sand. The Company is the provider of the fracture simulation software, and a provider of fracture design and consulting services, and a range of technologies for spill prevention, containment and countermeasures.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.