Insider Buying: Don P. Conkle Acquires 1,960 Shares of CARBO Ceramics Stock (CRR)
CARBO Ceramics (NYSE:CRR) VP Don P. Conkle purchased 1,960 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $107.61 per share, for a total transaction of $210,915.60. Following the acquisition, the vice president now directly owns 30,830 shares of the company’s stock, valued at approximately $3,317,616. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CARBO Ceramics (NYSE:CRR) traded down 0.84% during mid-day trading on Friday, hitting $103.35. The stock had a trading volume of 91,824 shares. CARBO Ceramics has a 52-week low of $81.01 and a 52-week high of $156.00. The stock’s 50-day moving average is $128.7 and its 200-day moving average is $131.2. The company has a market cap of $2.388 billion and a P/E ratio of 26.12.
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.
A number of research firms have recently commented on CRR. 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $143.91.
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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