Somewhat Positive News Coverage Somewhat Unlikely to Affect Carbo Ceramics (CRR) Share Price
Media stories about Carbo Ceramics (NYSE:CRR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carbo Ceramics earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.2308486198362 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- ETFs with exposure to CARBO Ceramics, Inc. : December 1, 2017 (finance.yahoo.com)
- Carbo Ceramics Sees Unusually Large Options Volume (CRR) (americanbankingnews.com)
- Did the Best-Performing OFS stocks Take Cues from Crude Oil? (finance.yahoo.com)
- CARBO Ceramics: Fifth-Best-Performing OFS Stock in 2017 (finance.yahoo.com)
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of 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 shares of Carbo Ceramics and gave the company a “hold” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Carbo Ceramics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Cowen set a $11.00 price objective on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.75.
Carbo Ceramics (CRR) traded up $0.32 during midday trading on Monday, reaching $10.35. The company’s stock had a trading volume of 808,700 shares, compared to its average volume of 953,733. Carbo Ceramics has a 52-week low of $5.83 and a 52-week high of $16.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.74 and a quick ratio of 3.31.
Carbo Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.81) by ($0.16). The firm had revenue of $50.20 million for the quarter, compared to analyst estimates of $46.98 million. Carbo Ceramics had a negative net margin of 79.49% and a negative return on equity of 16.48%. The business’s revenue was up 148.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.49) earnings per share. sell-side analysts forecast that Carbo Ceramics will post -3.7 earnings per share for the current fiscal year.
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About Carbo Ceramics
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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