Several other brokerages have also issued reports on CRR. Zacks Investment Research raised CARBO Ceramics from a sell rating to a hold rating in a research report on Tuesday, July 30th. Piper Jaffray Companies set a $1.00 target price on CARBO Ceramics and gave the stock a hold rating in a research report on Friday, July 26th.
Shares of NYSE CRR traded down $0.05 during mid-day trading on Thursday, hitting $1.36. 4,021 shares of the stock traded hands, compared to its average volume of 424,839. The company has a current ratio of 3.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. CARBO Ceramics has a twelve month low of $0.83 and a twelve month high of $9.37. The firm has a market capitalization of $41.42 million, a P/E ratio of -0.51 and a beta of 1.81. The firm’s 50 day simple moving average is $1.20.
In other CARBO Ceramics news, VP Don P. Conkle acquired 75,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average cost of $1.31 per share, with a total value of $98,250.00. Following the transaction, the vice president now owns 228,237 shares in the company, valued at approximately $298,990.47. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Kolstad acquired 32,350 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $1.03 per share, with a total value of $33,320.50. Following the completion of the transaction, the chief executive officer now owns 495,000 shares in the company, valued at approximately $509,850. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 137,350 shares of company stock valued at $176,571. 15.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of CRR. Deutsche Bank AG increased its position in CARBO Ceramics by 400.2% in the 4th quarter. Deutsche Bank AG now owns 240,947 shares of the oil and gas company’s stock valued at $837,000 after buying an additional 192,776 shares in the last quarter. Moors & Cabot Inc. increased its position in CARBO Ceramics by 92.7% in the 1st quarter. Moors & Cabot Inc. now owns 183,600 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 88,300 shares in the last quarter. Spark Investment Management LLC increased its position in CARBO Ceramics by 302.0% in the 1st quarter. Spark Investment Management LLC now owns 72,360 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 54,360 shares in the last quarter. SG Americas Securities LLC bought a new stake in CARBO Ceramics in the 2nd quarter valued at about $66,000. Finally, Tieton Capital Management LLC increased its position in CARBO Ceramics by 12.6% in the 1st quarter. Tieton Capital Management LLC now owns 330,511 shares of the oil and gas company’s stock valued at $1,157,000 after buying an additional 36,950 shares in the last quarter. 71.76% of the stock is owned by institutional investors and hedge funds.
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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