CARBO Ceramics Inc. (NYSE:CRR) VP Acquires $98,250.00 in Stock

CARBO Ceramics Inc. (NYSE:CRR) VP Don P. Conkle bought 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of $1.31 per share, with a total value of $98,250.00. Following the purchase, the vice president now owns 228,237 shares of the company’s stock, valued at $298,990.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NYSE CRR traded up $0.17 on Thursday, reaching $1.45. The stock had a trading volume of 674,697 shares, compared to its average volume of 436,797. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 3.21. CARBO Ceramics Inc. has a 12-month low of $0.83 and a 12-month high of $9.42. The company’s 50-day moving average is $1.19. The firm has a market capitalization of $32.61 million, a PE ratio of -0.54 and a beta of 1.84.

CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.05). CARBO Ceramics had a negative net margin of 37.95% and a negative return on equity of 21.61%. The firm had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $51.85 million. During the same quarter in the prior year, the firm posted ($0.55) EPS. CARBO Ceramics’s quarterly revenue was down 25.7% compared to the same quarter last year. On average, equities research analysts anticipate that CARBO Ceramics Inc. will post -2.11 EPS for the current year.

Several research firms recently weighed in on CRR. Piper Jaffray Companies set a $1.00 target price on CARBO Ceramics and gave the stock a “hold” rating in a research note on Friday, July 26th. ValuEngine cut CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research upgraded CARBO Ceramics from a “sell” rating to a “hold” rating in a research note on Tuesday.

A number of hedge funds and other institutional investors have recently modified their holdings of CRR. Investors Research Corp purchased a new stake in CARBO Ceramics in the first quarter valued at approximately $31,000. SG Americas Securities LLC acquired a new position in shares of CARBO Ceramics in the second quarter valued at approximately $66,000. Algert Global LLC acquired a new position in shares of CARBO Ceramics in the first quarter valued at approximately $74,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of CARBO Ceramics by 22.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,050 shares of the oil and gas company’s stock valued at $84,000 after purchasing an additional 4,450 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of CARBO Ceramics by 71.6% in the fourth quarter. Bank of America Corp DE now owns 32,290 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 13,471 shares during the period. Institutional investors own 71.88% of the company’s stock.

CARBO Ceramics Company Profile

CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, industrial, and environmental markets worldwide. It operates through two segments, Oilfield and Industrial Technologies and Services, and Environmental Technologies and Services. The Oilfield and Industrial Technologies and Services segment manufactures and sells oilfield ceramic technology products, base ceramic proppants, and frac sand proppants to pressure pumping companies, and oil and gas operators for use in the hydraulic fracturing of natural gas and oil wells.

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