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CARBO Ceramics (CRR) Soars: Adds 7.9% in Session - Analyst Blog

Posted: 9/16/2013 8:58:00 AM
Referenced Stocks: CKH;CRR;HAL;OII

CARBO Ceramics Inc. ( CRR ) was a big mover last session, as the company saw its shares gain nearly 8% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for this oil & gas equipment manufacturer, as the stock has moved up roughly 12% in the past one-month time period.

The company has seen 4 negative revisions in the past few weeks and its earnings consensus has moved lower over the past two months, suggesting there could be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent rally can last.

CARBO Ceramics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing oil & gas equipment manufacturers include Seacor Holdings Inc. ( CKH ), Halliburton Company ( HAL ) and Oceaneering International, Inc. ( OII ). While Seacor carries a Zacks Rank #1 (Strong Buy), Halliburton and Oceaneering International carry a Zacks Rank #2 (Buy).

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