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CARBO Ceramics (NYSE:CRR) has earned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Analyst Ratings.Net reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $143.91.

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.

Shares of CARBO Ceramics (NYSE:CRR) opened at 104.38 on Wednesday. CARBO Ceramics has a 1-year low of $81.01 and a 1-year high of $156.00. The stock’s 50-day moving average is $127.4 and its 200-day moving average is $131.1. The company has a market cap of $2.412 billion and a price-to-earnings ratio of 26.12.

CARBO Ceramics (NYSE:CRR) last announced its earnings results on Thursday, July 31st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that CARBO Ceramics will post $4.14 earnings per share for the current fiscal year.

In other CARBO Ceramics news, VP Don P. Conkle bought 1,960 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $107.61 per share, with a total value of $210,915.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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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