CARBO Ceramics Inc. (NYSE:CRR) insider Gary A. Kolstad acquired 10,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average cost of $4.77 per share, with a total value of $47,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
CRR traded down $0.20 during trading on Tuesday, reaching $4.47. 278,902 shares of the company traded hands, compared to its average volume of 490,094. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.07 and a quick ratio of 1.87. CARBO Ceramics Inc. has a 12-month low of $4.20 and a 12-month high of $12.69. The firm has a market cap of $126.98 million, a P/E ratio of -1.19 and a beta of 1.57.
CARBO Ceramics (NYSE:CRR) last posted its earnings results on Thursday, October 25th. The oil and gas company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.24). CARBO Ceramics had a negative net margin of 32.14% and a negative return on equity of 18.72%. The business had revenue of $53.82 million during the quarter, compared to analysts’ expectations of $66.76 million. On average, sell-side analysts anticipate that CARBO Ceramics Inc. will post -2.31 earnings per share for the current year.
CRR has been the subject of a number of research analyst reports. ValuEngine lowered shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Zacks Investment Research lowered shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Finally, Piper Jaffray Companies set a $9.00 price objective on shares of CARBO Ceramics and gave the company a “hold” rating in a report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.00.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.com-unik.info/2018/12/04/carbo-ceramics-inc-crr-insider-buys-47700-00-in-stock.html.
CARBO Ceramics Company Profile
CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, and industrial markets worldwide. The company operates in two segments, Oilfield Technologies and Services, and Environmental Products and Services. The Oilfield Technologies and Services segment manufactures and sells ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells to pressure pumping companies; produces ceramic pellets for use in various industrial technology applications, such as casting and milling; and provides technology to design, build, and optimize the Frac.
Featured Story: Inflation
Receive News & Ratings for CARBO Ceramics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CARBO Ceramics and related companies with MarketBeat.com's FREE daily email newsletter.