Carbo Ceramics Stock To Go Ex-dividend Tomorrow (CRR)

NEW YORK (TheStreet) -- The ex-dividend date for Carbo Ceramics (NYSE:CRR) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $89.10 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Carbo Ceramics has been 859,900 shares per day over the past 30 days. Carbo Ceramics has a market cap of $2.02 billion and is part of the basic materials sector and energy industry. Shares are down 28.9% year to date as of the close of trading on Wednesday.

CARBO Ceramics Inc. manufactures and supplies resin-coated ceramic and resin-coated sand proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 15.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Carbo Ceramics as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Carbo Ceramics Ratings Report.

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