Zacks Investment Research upgraded shares of CARBO CERAMICS (CRR) from UNDERPERFORM to NEUTRAL on July 30, 2012, with a target price of $68.40.
CARBO Ceramics Inc. is the world's 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.
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