CARBO Ceramics Inc. (CRR) saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CRR, as the stock is now down nearly 36% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the oilfield services technology company has seen 4 negative revisions in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CRR currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the Oil Field Services industry may consider better-ranked stocks like CHC Group Ltd. (HELI), Newpark Resources Inc. (NR) and RPC Inc. (RES), each of which holds a Zacks Rank #2 (Buy).
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