Carbo Ceramics, Inc. (NYSE:CRR) was the recipient of some unusual options trading on Monday. Stock investors acquired 2,031 put options on the company. This represents an increase of approximately 819% compared to the average daily volume of 221 put options.

Carbo Ceramics (NYSE:CRR) opened at $9.83 on Thursday. The company has a quick ratio of 3.31, a current ratio of 5.74 and a debt-to-equity ratio of 0.20. Carbo Ceramics has a 1-year low of $5.83 and a 1-year high of $16.70.

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

CRR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Carbo Ceramics from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Wednesday, September 27th. Scotiabank set a $12.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, October 27th. Cowen set a $11.00 price objective on Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, ValuEngine upgraded Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.75.

A number of large investors have recently added to or reduced their stakes in CRR. Wells Fargo & Company MN lifted its holdings in Carbo Ceramics by 70.0% during the 3rd quarter. Wells Fargo & Company MN now owns 879,216 shares of the oil and gas company’s stock worth $7,588,000 after buying an additional 362,028 shares during the last quarter. Old West Investment Management LLC lifted its holdings in Carbo Ceramics by 399.5% during the 3rd quarter. Old West Investment Management LLC now owns 266,200 shares of the oil and gas company’s stock worth $2,297,000 after buying an additional 212,911 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Carbo Ceramics by 127.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 304,353 shares of the oil and gas company’s stock worth $2,627,000 after buying an additional 170,289 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Carbo Ceramics by 34.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 548,679 shares of the oil and gas company’s stock worth $3,780,000 after buying an additional 140,807 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Carbo Ceramics by 62.5% during 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 buying an additional 138,831 shares during the last quarter. 74.36% of the stock is currently owned by institutional investors.

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About Carbo Ceramics

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.

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