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CARBO Ceramics (NYSE:CRR) was downgraded by research analysts at Guggenheim from a “neutral” rating to a “sell” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $95.00 price objective on the stock, down from their previous price objective of $105.00. Guggenheim’s price target points to a potential downside of 17.48% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of CARBO Ceramics (NYSE:CRR) traded down 1.55% on Friday, hitting $115.12. 518,481 shares of the company’s stock traded hands. 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 $112.8 and a 200-day moving average of $103.2. The company has a market cap of $2.657 billion and a price-to-earnings ratio of 32.21.

CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08. The company had revenue of $164.52 million for the quarter, compared to the consensus estimate of $161.85 million. On average, analysts predict that CARBO Ceramics will post $4.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, January 30th.

A number of other analysts have also recently weighed in on CRR. Analysts at Barclays raised their price target on shares of CARBO Ceramics from $109.00 to $118.00 in a research note to investors on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Analysts at Cowen and Company cut their price target on shares of CARBO Ceramics from $132.00 to $123.00 in a research note to investors on Monday, December 16th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $104.83.

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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