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CARBO Ceramics Inc. (NYSE:CRR) has been downgraded to Strong Sell in a report by ValuEngine today.

ValuEngine has downgraded CARBO Ceramics Inc. (NYSE:CRR) to Strong Sell in a report released on 06/20/2017.

Previously on 5/10/2017, Cowen reported about CARBO Ceramics Inc. (NYSE:CRR) lowered the target price from $15.00 to $10.50. At the time, this indicated a possible upside of 0.36%.

Yesterday CARBO Ceramics Inc. (NYSE:CRR) traded -1.06% lower at $6.56. The company’s 50-day moving average is $6.84 and its 200-day moving average is $8.38. The last stock close price is down -11.11% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 979,205 shares of the stock were exchanged, up from an average trading volume of 965,309

See Chart Below

CARBO Ceramics Inc. (NYSE:CRR)

CARBO Ceramics Inc. has a 52 week low of $5.66 and a 52 week high of $16.70 The company’s market cap is currently $0.

In addition to ValuEngine reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $13.57 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 8 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About CARBO Ceramics Inc. (NYSE:CRR)

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. The Company's environmental products and services segment is intended to protect operators' assets, minimize environmental risks, and lower lease operating expense (LOE). The Company, through Asset Guard Products Inc. (AGPI), provides spill prevention, containment and countermeasure systems for the oil and gas industry. The Company manufactures various ceramic proppants.

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