Carbo Ceramics (CRR) Earns Daily News Impact Score of 0.11
Headlines about Carbo Ceramics (NYSE:CRR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carbo Ceramics earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.9902029320544 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Critical Analysis: Ranger Energy Services (RNGR) and Carbo Ceramics (CRR) (americanbankingnews.com)
- Noticeable Technical Figures – CARBO Ceramics Inc. (CRR) – Wall Street Morning (wallstreetmorning.com)
- Be careful about CARBO Ceramics Inc. (CRR) after recent swing – Wall Street Morning (wallstreetmorning.com)
- Mid-Afternoon Market Update: Dow Falls 80 Points; Supercom Shares Rise After Q3 Results – Benzinga (benzinga.com)
- Mid-Day Market Update: Capella Education Climbs Following Merger Deal; Gravity Shares Plummet (nasdaq.com)
Carbo Ceramics (CRR) traded up $0.07 during trading hours on Monday, hitting $8.62. The stock had a trading volume of 511,954 shares, compared to its average volume of 1,039,156. The company has a quick ratio of 3.39, a current ratio of 5.74 and a debt-to-equity ratio of 0.16. Carbo Ceramics has a twelve month low of $5.83 and a twelve month high of $16.70.
Carbo Ceramics (NYSE:CRR) last announced its earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.16). The company had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $46.98 million. Carbo Ceramics had a negative net margin of 79.49% and a negative return on equity of 15.58%. The company’s revenue for the quarter was up 148.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.49) earnings per share. research analysts forecast that Carbo Ceramics will post -3.74 earnings per share for the current year.
Several research analysts recently commented on the company. ValuEngine raised Carbo Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Scotiabank set a $12.00 target price on Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research raised Carbo Ceramics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Cowen and Company set a $11.00 target price on Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Piper Jaffray Companies set a $9.00 target price on Carbo Ceramics and gave the stock a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.75.
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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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