Revenue Update on CARBO Ceramics(NYSE:CRR)

CARBO Ceramics(NYSE:CRR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $20.65M. Analysts estimated a revenue of $24.70M. Earnings per share were $-0.88. Analysts had estimated an EPS of $-0.89.

CARBO Ceramics (CRR) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.58% at a volume of 5,99,838. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.14. The peak price level was also seen at $14.14 while the days lowest was $13.54. Finally the shares closed at $13.76. The 52-week high of the shares is $34.92 while the 52-week low is $10.6. According to the latest information available, the market cap of the company is $323 M.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, William C Morris (director 10% owner) purchased 38,000 shares at $20.42 per share price.Also, On Mar 4, 2016, Gary A Kolstad (President and CEO) sold 2,800 shares at $18.90 per share 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 Company’s 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.

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