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CARBO Ceramics (NYSE:CRR) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, AmericanBankingNews.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $143.91.

Shares of CARBO Ceramics (NYSE:CRR) traded down 1.78% during mid-day trading on Wednesday, hitting $105.50. The stock had a trading volume of 78,779 shares. CARBO Ceramics has a 52-week low of $81.01 and a 52-week high of $156.00. The stock has a 50-day moving average of $131.3 and a 200-day moving average of $131.5. The company has a market cap of $2.437 billion and a price-to-earnings ratio of 26.92.

CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.01. The company had revenue of $176.60 million for the quarter, compared to the consensus estimate of $165.60 million. During the same quarter last year, the company posted $0.71 earnings per share. CARBO Ceramics’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that CARBO Ceramics will post $4.14 EPS for the current fiscal year.

In other CARBO Ceramics news, CEO Gary A. Kolstad purchased 2,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $103.36 per share, with a total value of $206,720.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CRR has been the subject of a number of recent research reports. Analysts at Davidson cut their price target on shares of CARBO Ceramics from $163.00 to $150.00 in a research note on Friday, August 1st. Separately, analysts at Goldman Sachs raised their price target on shares of CARBO Ceramics from $138.00 to $148.00 in a research note on Thursday, July 10th. Finally, analysts at Guggenheim upgraded shares of CARBO Ceramics from a “sell” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $165.00 price target on the stock, up previously from $110.00.

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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