Carbo Ceramics (CRR) has been under a strong bear grip, hence the stock is down -10.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.35% in the past 1 week. The stock has risen by 6.52% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.13% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 14.03%.The 200 Day SMA reached 25.32%
Carbo Ceramics (NYSE:CRR): After opening at $11.06, the stock dipped to an intraday low of $10.81 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.33 and the buying power remained strong till the end. The stock closed at $10.94 for the day, a gain of 0.64% for the day session. The total traded volume was 868,881. The stocks close on the previous trading day was $10.94.
Carbo Ceramics (CRR) : 5 investment research analysts covering Carbo Ceramics (CRR) have an average price target of $14.4 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $13 for the short term. Analysts expect the variance to be within $1.14 of the average price.
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.