The stock of CARBO Ceramics Inc. (NYSE:CRR) is a huge mover today! About 869,218 shares traded hands. CARBO Ceramics Inc. (NYSE:CRR) has declined 57.49% since April 27, 2016 and is downtrending. It has underperformed by 62.72% the S&P500.
The move comes after 9 months positive chart setup for the $219.29M company. It was reported on Nov, 30 by Barchart.com. We have $9.10 PT which if reached, will make NYSE:CRR worth $15.35 million more.
Analysts await CARBO Ceramics Inc. (NYSE:CRR) to report earnings on January, 26. They expect $-0.67 earnings per share, down 11.67% or $0.07 from last year’s $-0.6 per share. After $-0.49 actual earnings per share reported by CARBO Ceramics Inc. for the previous quarter, Wall Street now forecasts 36.73% negative EPS growth.
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 firm earned “Sector Perform” rating on Tuesday, June 7 by Howard Weil. The stock of CARBO Ceramics Inc. (NYSE:CRR) has “Sector Perform” rating given on Friday, October 28 by Howard Weil. Iberia Capital Partners downgraded the shares of CRR in a report on Monday, September 21 to “Underperform” rating. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. KLR Group initiated the stock with “Hold” rating in Monday, December 14 report. The stock of CARBO Ceramics Inc. (NYSE:CRR) earned “Sector Perform” rating by Howard Weil on Friday, January 29. On Thursday, September 10 the stock rating was maintained by Howard Weil with “Sector Perform”. On Friday, October 30 the stock rating was maintained by Cowen & Co with “Market Perform”.
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 increased to 1.69 in Q2 2016. Its up 0.78, from 0.91 in 2016Q1. The ratio improved, 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 Sys Of The State Of Kentucky has 6,600 shares for 0% of their US portfolio. Peak6 L P holds 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR) for 6,151 shares. Great West Life Assurance Com Can has invested 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). D E Shaw And owns 23,304 shares or 0% of their US portfolio. Ubs Asset Americas has 0% invested in the company for 13,799 shares. Engy Opportunities Cap Mgmt Ltd holds 0.41% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR) for 102,804 shares. Price T Rowe Associates Inc Md has 28,636 shares for 0% of their US portfolio. Manufacturers Life Ins Com The holds 0% or 13,836 shares in its portfolio. Moreover, Key Gp (Cayman) Ltd has 0.92% invested in CARBO Ceramics Inc. (NYSE:CRR) for 804,152 shares. Bank & Trust Of America Corp De holds 0% or 118,300 shares in its portfolio. Walleye Trading Ltd Liability Com reported 1,989 shares or 0% of all its holdings. Snow Cap Mngmt Lp last reported 0.31% of its portfolio in the stock. Tower Research (Trc) accumulated 1,097 shares or 0% of the stock. Blackrock Investment Mngmt Limited Liability Com holds 0% or 131,944 shares in its portfolio. State Of Tennessee Treasury Department reported 15,976 shares or 0% of all its holdings.
Insider Transactions: Since October 31, 2016, the stock had 3 buys, and 0 selling transactions for $98,226 net activity. $18,840 worth of CARBO Ceramics Inc. (NYSE:CRR) shares were bought by Kolstad Gary A. On Thursday, November 3 the insider Bakht John R bought $18,986.
More notable recent CARBO Ceramics Inc. (NYSE:CRR) news were published by: Seekingalpha.com which released: “Carbo Ceramics: Developing A Recovery Scenario” on November 29, 2016, also Fool.com with their article: “CARBO Ceramics Inc.’s Stock Gets Crushed After Reporting Atrocious Earnings” published on October 27, 2016, Fool.com published: “Cratering Earnings Cause CARBO Ceramics Inc.’s Stock to Slip” on April 28, 2016. More interesting news about CARBO Ceramics Inc. (NYSE:CRR) were released by: Reuters.com and their article: “BRIEF-Wilks Brothers LLC reports stake of 5.6 pct in Carbo Ceramics Inc as…” published on October 03, 2016 as well as Seekingalpha.com‘s news article titled: “CARBO Ceramics: Is The Final Nail In The Coffin?” with publication date: October 18, 2016.
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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