Carbo Ceramics has a 5 year average dividend yield of 1.5% The 5 year historical dividend growth of Carbo Ceramics(CRR) is at the rate of -32.59% while the R-Squared dividend growth is 0.54. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Carbo Ceramics, Inc. (NYSE:CRR) witnessed a decline in the market cap on Thursday as its shares dropped 2.09% or 0.33 points. After the session commenced at $15.9, the stock reached the higher end at $15.9 while it hit a low of $15.12. With the volume soaring to 601,664 shares, the last trade was called at $15.49. The company has a 52-week high of $24.2. The company has a market cap of $417 million and there are 26,902,348 shares in outstanding. The 52-week low of the share price is $5.66. CARBO Ceramics Inc. has dropped 1.59% in the last five trading days, however, the shares have posted positive gains of 47.52% in the last 4 weeks. CARBO Ceramics Inc. is up 112.48% in the last 3-month period. Year-to-Date the stock performance stands at 48.09%.
Currently the company Insiders own 18% of Carbo Ceramics, Inc. shares according to the proxy statements. Institutional Investors own 81.28% of Carbo Ceramics, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 9.95%. Company has reported several Insider transactions to the SEC, on Nov 7, 2016, John R Bakht (Vice President & Gen. Counsel) purchased 3,000 shares at 6.29 per share price.On Nov 3, 2016, Gary A Kolstad (CEO) purchased 3,000 shares at 6.28 per share price.On Mar 7, 2016, William C Morris (director 10% owner) purchased 38,000 shares at 20.42 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Feb 6, 2017 to Market Perform, Raises Price Target to $ 15 from a previous price target of $11 .CARBO Ceramics was Upgraded by Goldman to Neutral on Dec 16, 2016.
CARBO Ceramics Last issued its quarterly earnings results on Jan 26, 2017. The company reported $-0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.47. Analyst had a consensus of $-0.73. The company had revenue of $29.10 million for the quarter, compared to analysts expectations of $23.95 million. The companys revenue was down -48.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.60 EPS.
CARBO Ceramics Inc. is the worlds largest producer and supplier of ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells. Demand for ceramic proppants depends primarily upon the demand for natural gas and oil and on the number of natural gas and oil wells drilled, completed or recompleted worldwide. More specifically, the demand for ceramic proppants is dependent on the number of oil and gas wells that are hydraulically fractured to stimulate production.