Carbo Ceramics (CRR) : The consensus on Carbo Ceramics (CRR) based on 9 analyst recommendation on the company stock is 3.19, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Carbo Ceramics (CRR).
Carbo Ceramics (CRR) : The highest level Carbo Ceramics (CRR) is projected to reach is $20 for the short term and the lowest estimate is at $13. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $14.57 and the possibility the share price can swing is $2.51.
Carbo Ceramics (NYSE:CRR): The stock opened at $12.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.91 for the day. The stock traded down to $12.46 during the day, due to lack of any buying support eventually closed down at $12.59 with a loss of -3.08% for the day. The stock had closed at $12.99 on the previous day. The total traded volume was 467,695 shares.
The company shares have dropped -63.91% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $47.04 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $12.81 and the 200 Day Moving Average price is recorded at $15.42.
Carbo Ceramics Inc. is an oilfield services technology company , which supplies ceramic proppant and, sells sand and resin-coated sand. The Company also sells sand independent of its resin-coating operations. It also provides fracture simulation software, and, fracture design and consulting services, and a range of technologies for spill prevention, containment and countermeasures. The Companys products and services are primarily used in the hydraulic fracturing of natural gas and oil wells. There are three primary types of proppant that can be utilized in the hydraulic fracturing process: sand, resin-coated sand and ceramic. The Company manufactures six ceramic proppants: KRYPTOSPHERETM HD, CARBOHSP, CARBOPROP, CARBOLITE, CARBOECONOPROP and CARBOHYDROPROP. The Company produces resin-coated ceramic (CARBOBOND LITE) and resin-coated sand (CARBOBOND RCS) proppants; CARBO NORTHERN WHITE, a frac sand; and CARBONRT proppant. The Company also sells SCALEGUARD, a porous ceramic proppant.