Carbo Ceramics, Inc. (NYSE:CRR) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of brokerages recently weighed in on CRR. ValuEngine upgraded shares of Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Scotiabank set a $12.00 price objective on shares of Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Carbo Ceramics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Cowen set a $11.00 price objective on shares of Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, October 6th.

Shares of Carbo Ceramics (CRR) opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.74 and a quick ratio of 3.31. Carbo Ceramics has a one year low of $5.83 and a one year high of $16.70.

Carbo Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.16). Carbo Ceramics had a negative net margin of 79.49% and a negative return on equity of 16.48%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $46.98 million. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. Carbo Ceramics’s revenue for the quarter was up 148.5% compared to the same quarter last year. analysts predict that Carbo Ceramics will post -3.85 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Texas Permanent School Fund raised its position in Carbo Ceramics by 0.8% in the second quarter. Texas Permanent School Fund now owns 15,456 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 128 shares in the last quarter. Moors & Cabot Inc. increased its stake in Carbo Ceramics by 49.3% in the 2nd quarter. Moors & Cabot Inc. now owns 77,800 shares of the oil and gas company’s stock worth $526,000 after purchasing an additional 25,700 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Carbo Ceramics by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 281,913 shares of the oil and gas company’s stock worth $1,931,000 after purchasing an additional 16,739 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Carbo Ceramics by 62.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 361,011 shares of the oil and gas company’s stock worth $4,708,000 after purchasing an additional 138,831 shares in the last quarter. Finally, Diversified Investment Strategies LLC increased its stake in Carbo Ceramics by 35.2% in the 2nd quarter. Diversified Investment Strategies LLC now owns 113,430 shares of the oil and gas company’s stock worth $777,000 after purchasing an additional 29,533 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

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Carbo Ceramics Company Profile

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

Analyst Recommendations for Carbo Ceramics (NYSE:CRR)

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