News stories about Carbo Ceramics (NYSE:CRR) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carbo Ceramics earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Scotiabank Reiterates $12.00 Price Target for Carbo Ceramics, Inc. (NYSE:CRR) (americanbankingnews.com)
- CARBO Ceramics Inc. (CRR) located below to SMA-20 -4.65% – Street Observer (press release) (streetobserver.com)
- Technical Trading Review on CARBO Ceramics Inc (CRR) | Hayden … – Hayden Business Journal (haydenbusinessjournal.com)
- Awesome Oscillator Trending Downward For CARBO Ceramics Inc (CRR) – Evergreen Caller (evergreencaller.com)
- Edited Transcript of CRR earnings conference call or presentation 27-Jul-17 3:30pm GMT (finance.yahoo.com)
Shares of Carbo Ceramics (NYSE:CRR) remained flat at $6.55 during midday trading on Friday. The stock had a trading volume of 1,487,935 shares. Carbo Ceramics has a 12 month low of $5.66 and a 12 month high of $16.70. The firm’s market cap is $177.81 million. The stock’s 50 day moving average is $6.78 and its 200-day moving average is $9.97.
Carbo Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.93) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.86) by $0.07. The company had revenue of $43.57 million during the quarter, compared to analyst estimates of $36.50 million. Carbo Ceramics had a negative net margin of 72.46% and a negative return on equity of 12.72%. The firm’s revenue for the quarter was up 111.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.88) EPS. On average, equities research analysts anticipate that Carbo Ceramics will post ($3.49) earnings per share for the current year.
CRR has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Cowen and Company dropped their price objective on shares of Carbo Ceramics from $15.00 to $10.50 and set a “market perform” rating for the company in a research note on Wednesday, May 10th. ValuEngine cut shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Morgan Stanley reiterated an “underweight” rating and set a $5.00 target price (down previously from $7.50) on shares of Carbo Ceramics in a research report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.06.
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In other Carbo Ceramics news, VP Ernesto Bautista III bought 5,000 shares of the stock in a transaction on Wednesday, May 3rd. The stock was purchased at an average price of $6.38 per share, with a total value of $31,900.00. Following the completion of the purchase, the vice president now owns 82,898 shares in the company, valued at $528,889.24. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary A. Kolstad bought 20,000 shares of the stock in a transaction on Wednesday, May 3rd. The shares were acquired at an average cost of $6.37 per share, with a total value of $127,400.00. Following the purchase, the insider now owns 278,135 shares of the company’s stock, valued at approximately $1,771,719.95. The disclosure for this purchase can be found here. 18.00% of the stock is owned by insiders.
Carbo Ceramics Company Profile
CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.
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