Zacks Investment Research downgraded CARBO Ceramics Inc. (NYSE:CRR) to Hold in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded CARBO Ceramics Inc. (NYSE:CRR) to Hold in a report released on 10/3/2016.
Previously on 9/27/2016, Zacks Investment Research reported on CARBO Ceramics Inc. (NYSE:CRR) raised the target price from $0.00 to $11.00. At the time, this indicated a possible upside of 0.1%.
Yesterday CARBO Ceramics Inc. (NYSE:CRR) traded 8.50% higher at $11.79. The company’s 50-day moving average is $12.30 and its 200-day moving average is $13.29. The last closing price is down -10.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,661,733 shares of the stock were exchanged, up from an average trading volume of 656,047
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CARBO Ceramics Inc. has a 52 week low of $9.48 and a 52 week high of $25.62 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 brokers have issued a report on the stock. The consensus target price is $13.57 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 8 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.
About CARBO Ceramics Inc. (NYSE:CRR)
Carbo Ceramics Inc. is an oilfield services technology company. The Company supplies ceramic proppant. The Company also sells sand and resin-coated proppants. Additionally, it provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures. Its products and services are used in the hydraulic fracturing of natural gas and oil wells. It manufactures various ceramic proppants, including KRYPTOSPHERETM HD, which is a ceramic proppant engineered to deliver conductivity and durability in closure stress wells; KRYPTOSPHERE LD, which is a lower density proppant compared to KRYPTOSPHERE HD; CARBOHSP and CARBOPROP, which are high and intermediate density ceramic proppants, and CARBOLITE, CARBOECONOPROP and CARBOHYDROPROP, which are low-density ceramic proppants. It offers CARBO NORTHERN WHITE, which is a frac sand; CARBONRT, a detectable proppant, and SCALEGUARD, a porous ceramic proppant.
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