CARBO Ceramics Rating Lowered to Neutral at Capital One Financial Corp. (CRR)
CARBO Ceramics (NYSE:CRR) was downgraded by Capital One Financial Corp. to a “neutral” rating in a research note issued on Friday, AnalystRatings.NET reports.
Shares of CARBO Ceramics (NYSE:CRR) opened at 125.34 on Friday. CARBO Ceramics has a 1-year low of $62.11 and a 1-year high of $132.55. The stock has a 50-day moving average of $101.0 and a 200-day moving average of $82.61. The company has a market cap of $2.893 billion and a P/E ratio of 37.31.
CARBO Ceramics (NYSE:CRR) last announced its earnings results on Thursday, October 31st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.49. The company had revenue of $201.50 million for the quarter, compared to the consensus estimate of $160.41 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. On average, analysts predict that CARBO Ceramics will post $3.14 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 0.96%. The ex-dividend date is Wednesday, October 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company raised their price target on shares of CARBO Ceramics from $98.00 to $132.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of CARBO Ceramics to $150.00 in a research note to investors on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CARBO Ceramics currently has an average rating of “Hold” and a consensus price target of $102.13.
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.
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