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Research analysts at Howard Weil raised their price target on shares of CARBO Ceramics (NYSE:CRR) from $134.00 to $140.00 in a report released on Friday, Stock Ratings News reports. The firm currently has a “sector perform” rating on the stock. Howard Weil’s target price would suggest a potential upside of 2.44% from the company’s current price.

CARBO Ceramics (NYSE:CRR) opened at 136.66 on Friday. CARBO Ceramics has a one year low of $62.11 and a one year high of $144.35. The stock has a 50-day moving average of $130.7 and a 200-day moving average of $119.0. The company has a market cap of $3.157 billion and a P/E ratio of 37.24.

CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.87 by $0.07. The company had revenue of $148.56 million for the quarter, compared to the consensus estimate of $165.57 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that CARBO Ceramics will post $4.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, April 29th.

A number of other analysts have also recently weighed in on CRR. Analysts at DA Davidson upgraded shares of CARBO Ceramics from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $163.00 price target on the stock, up previously from $145.00. Separately, analysts at Barclays raised their price target on shares of CARBO Ceramics from $121.00 to $135.00 in a research note on Wednesday, April 16th. They now have an “equal weight” rating on the stock. Finally, analysts at Sterne Agee upgraded shares of CARBO Ceramics from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. They now have a $150.00 price target on the stock, up previously from $125.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.30.

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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