CARBO Ceramics (NYSE:CRR) issued its quarterly earnings results on Friday. The oil and gas company reported ($1.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.53), Briefing.com reports. CARBO Ceramics had a negative return on equity of 21.61% and a negative net margin of 37.95%. The firm had revenue of $43.50 million for the quarter, compared to the consensus estimate of $45.88 million. During the same period last year, the company posted ($0.62) EPS. The business’s revenue was down 19.1% on a year-over-year basis.
Shares of CARBO Ceramics stock traded down $0.12 on Friday, reaching $1.56. 156,830 shares of the stock were exchanged, compared to its average volume of 381,028. The firm’s 50 day moving average is $2.01 and its 200-day moving average is $1.74. CARBO Ceramics has a one year low of $0.83 and a one year high of $5.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 3.21. The firm has a market cap of $44.36 million, a PE ratio of -0.58 and a beta of 1.63.
CRR has been the subject of a number of recent analyst reports. ValuEngine raised shares of CARBO Ceramics from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Piper Jaffray Companies set a $1.00 price target on shares of CARBO Ceramics and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised shares of CARBO Ceramics from a “sell” rating to a “hold” rating in a report on Wednesday.
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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