FMR LLC maintained its stake in shares of CARBO Ceramics Inc. (NYSE:CRR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,520,200 shares of the oil and gas company’s stock at the end of the fourth quarter. FMR LLC owned approximately 13.26% of CARBO Ceramics worth $36,821,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in CRR. Palo Capital Inc. bought a new stake in shares of CARBO Ceramics during the third quarter worth about $149,000. Bahl & Gaynor Inc. boosted its stake in shares of CARBO Ceramics by 3.6% in the third quarter. Bahl & Gaynor Inc. now owns 14,256 shares of the oil and gas company’s stock worth $156,000 after buying an additional 500 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of CARBO Ceramics by 420.7% in the third quarter. Canada Pension Plan Investment Board now owns 15,100 shares of the oil and gas company’s stock worth $165,000 after buying an additional 12,200 shares during the last quarter. Comerica Bank boosted its stake in shares of CARBO Ceramics by 20.1% in the fourth quarter. Comerica Bank now owns 22,216 shares of the oil and gas company’s stock worth $229,000 after buying an additional 3,711 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of CARBO Ceramics by 189.8% in the third quarter. US Bancorp DE now owns 32,601 shares of the oil and gas company’s stock worth $357,000 after buying an additional 21,353 shares during the last quarter. 81.28% of the stock is owned by institutional investors and hedge funds.
Shares of CARBO Ceramics Inc. (NYSE:CRR) traded down 5.679% on Friday, hitting $8.885. The company had a trading volume of 924,844 shares. The firm has a 50-day moving average price of $11.63 and a 200 day moving average price of $10.83. CARBO Ceramics Inc. has a 12-month low of $5.66 and a 12-month high of $16.70. The company’s market capitalization is $241.16 million.
CARBO Ceramics (NYSE:CRR) last released its quarterly earnings results on Thursday, January 26th. The oil and gas company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.43. CARBO Ceramics had a negative return on equity of 7.01% and a negative net margin of 77.75%. The business had revenue of $27.70 million for the quarter, compared to the consensus estimate of $23.39 million. During the same quarter last year, the business posted ($0.60) earnings per share. The company’s revenue for the quarter was down 48.8% on a year-over-year basis. Equities analysts expect that CARBO Ceramics Inc. will post ($3.16) EPS for the current year.
A number of brokerages have issued reports on CRR. Scotiabank set a $14.00 target price on CARBO Ceramics and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. Evercore ISI upgraded CARBO Ceramics from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday, February 6th. Cowen and Company upped their price target on CARBO Ceramics from $11.00 to $15.00 and gave the stock a “market perform” rating in a report on Monday, February 6th. Finally, Zacks Investment Research lowered CARBO Ceramics from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.50.
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.
What are top analysts saying about CARBO Ceramics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CARBO Ceramics Inc. and related companies.