The stock of CARBO Ceramics Inc. (NYSE:CRR) is a huge mover today! About 230,855 shares traded hands. CARBO Ceramics Inc. (NYSE:CRR) has declined 42.55% since March 16, 2016 and is downtrending. It has underperformed by 48.09% the S&P500.
The move comes after 9 months positive chart setup for the $260.38 million company. It was reported on Oct, 19 by Barchart.com. We have $27.43 PT which if reached, will make NYSE:CRR worth $385.36M more.
Analysts await CARBO Ceramics Inc. (NYSE:CRR) to report earnings on November, 3. They expect $-0.67 earnings per share, down 91.43% or $0.32 from last year’s $-0.35 per share. After $-0.50 actual earnings per share reported by CARBO Ceramics Inc. for the previous quarter, Wall Street now forecasts 34.00% 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 12 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of CARBO Ceramics Inc. (NYSE:CRR) has “Underperform” rating given on Monday, September 21 by Iberia Capital Partners. On Friday, October 30 the stock rating was maintained by Cowen & Co with “Market Perform”. Howard Weil maintained the shares of CRR in a report on Friday, January 29 with “Sector Perform” rating. The rating was maintained by Howard Weil on Thursday, September 10 with “Sector Perform”. KLR Group initiated the stock with “Hold” rating in Monday, December 14 report. Howard Weil maintained CARBO Ceramics Inc. (NYSE:CRR) on Tuesday, June 7 with “Sector Perform” rating. The stock of CARBO Ceramics Inc. (NYSE:CRR) earned “Buy” rating by Guggenheim on Monday, November 30.
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 fall, 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.
Teacher Retirement System Of Texas has invested 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR). Wellington Group Limited Liability Partnership owns 86,210 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Principal Finance Gp accumulated 0% or 138,670 shares. Morgan Dempsey Capital Mgmt Limited Liability Com last reported 21,515 shares in the company. The United Kingdom-based Glg Prtnrs L P has invested 0.03% in CARBO Ceramics Inc. (NYSE:CRR). Lsv Asset Mgmt holds 32,200 shares or 0% of its portfolio. Horizon Kinetics Ltd Liability last reported 0.01% of its portfolio in the stock. Huntington Retail Bank has 270 shares for 0% of their US portfolio. Heartland Advisors Incorporated, a Wisconsin-based fund reported 1.30M shares. Rhumbline Advisers, a Massachusetts-based fund reported 29,413 shares. Ameriprise last reported 499,922 shares in the company. Fmr Lc accumulated 0.01% or 3.52M shares. Pnc Fincl Gp Inc holds 0% of its portfolio in CARBO Ceramics Inc. (NYSE:CRR) for 115 shares. Deutsche Fincl Bank Ag holds 321,255 shares or 0% of its portfolio.
More important recent CARBO Ceramics Inc. (NYSE:CRR) news were published by: Seekingalpha.com which released: “CARBO Ceramics: Is The Final Nail In The Coffin?” on October 18, 2016, also Fool.com published article titled: “Cratering Earnings Cause CARBO Ceramics Inc.’s Stock to Slip”, Seekingalpha.com published: “CARBO Ceramics: A Race Against Time” on May 05, 2016. More interesting news about CARBO Ceramics Inc. (NYSE:CRR) was released by: Seekingalpha.com and their article: “Carbo Ceramics: Did Sales Finally Bottom?” with publication date: August 22, 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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