The stock of CARBO Ceramics Inc. (NYSE:CRR) is a huge mover today! About 352,840 shares traded hands. CARBO Ceramics Inc. (NYSE:CRR) has declined 54.61% since April 13, 2016 and is downtrending. It has underperformed by 58.54% the S&P500.
The move comes after 8 months positive chart setup for the $198.37M company. It was reported on Nov, 15 by Barchart.com. We have $11.76 PT which if reached, will make NYSE:CRR worth $122.99M more.
CARBO Ceramics Inc. (NYSE:CRR) Ratings Coverage
Out of 6 analysts covering Carbo Ceramics Inc. (NYSE:CRR), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Carbo Ceramics Inc. has been the topic of 13 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Howard Weil on Friday, October 28 with “Sector Perform”. The firm has “Buy” rating by Guggenheim given on Monday, November 30. The stock of CARBO Ceramics Inc. (NYSE:CRR) earned “Sector Perform” rating by Howard Weil on Tuesday, June 7. KLR Group initiated the stock with “Hold” rating in Monday, December 14 report. Howard Weil maintained it with “Sector Perform” rating and $28 target price in Thursday, September 10 report. The firm has “Market Perform” rating given on Friday, October 30 by Cowen & Co. Howard Weil maintained CARBO Ceramics Inc. (NYSE:CRR) rating on Friday, January 29. Howard Weil has “Sector Perform” rating and $22 price target. The firm has “Underperform” rating given on Monday, September 21 by Iberia Capital Partners.
According to Zacks Investment Research, “CARBO Ceramics Inc. is the world’s largest producer and supplier of ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells. Demand for ceramic proppants depends primarily upon the demand for natural gas and oil and on the number of natural gas and oil wells drilled, completed or recompleted worldwide. More specifically, the demand for ceramic proppants is dependent on the number of oil and gas wells that are hydraulically fractured to stimulate production.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.63, from 1.54 in 2016Q1. The ratio is negative, as 14 funds sold all CARBO Ceramics Inc. shares owned while 42 reduced positions. 14 funds bought stakes while 37 increased positions. They now own 20.99 million shares or 6.41% less from 22.43 million shares in 2016Q1.
Teachers Retirement Of The State Of Kentucky has invested 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). Northern Trust Corp has 237,449 shares for 0% of their US portfolio. Wellington Management Group Llp owns 86,210 shares or 0% of their US portfolio. Morgan Stanley last reported 30,957 shares in the company. Disciplined Growth Investors Mn has 0.08% invested in the company for 243,550 shares. Us Commercial Bank De last reported 0% of its portfolio in the stock. New York State Teachers Retirement holds 0% or 54,055 shares in its portfolio. J Goldman & Company L P last reported 129,800 shares in the company. Blackrock Fund Advisors has 0% invested in the company for 1.32 million shares. Paradigm Asset Management Co Limited Liability Co has 0% invested in the company for 9,400 shares. Ameriprise Fincl holds 0% or 499,922 shares in its portfolio. Blackrock Advisors Lc has 683,582 shares for 0.01% of their US portfolio. Grp One Trading L P, a Illinois-based fund reported 55,450 shares. Brandywine Glob Investment Mgmt Limited Co holds 0.03% or 298,470 shares in its portfolio. Envestnet Asset holds 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR) for 7,961 shares.
Insider Transactions: Since October 31, 2016, the stock had 3 insider buys, and 0 insider sales for $98,226 net activity. Bakht John R bought 3,000 shares worth $18,986. The insider Kolstad Gary A bought 10,000 shares worth $60,400.
More news for CARBO Ceramics Inc. (NYSE:CRR) were recently published by: Fool.com, which released: “CARBO Ceramics Inc.’s Stock Gets Crushed After Reporting Atrocious Earnings” on October 27, 2016. Fool.com‘s article titled: “Cratering Earnings Cause CARBO Ceramics Inc.’s Stock to Slip” and published on April 28, 2016 is yet another important article.
CRR Company Profile
Carbo Ceramics Inc., incorporated on June 23, 1987, is an oilfield services technology company. The Firm supplies ceramic proppant. The Firm also sells sand and resin-coated proppants. Additionally, the Company provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures.
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