News coverage about Carbo Ceramics (NYSE:CRR) has been trending somewhat positive on Friday, according to Alpha One Sentiment. The research firm, a service of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carbo Ceramics earned a daily sentiment score of 0.04 on Alpha One’s scale. Alpha One also assigned headlines about the oil and gas company an impact score of 86 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Alpha One’s rankings:
- A Few Positives and Negatives For CARBO Ceramics Inc. (CRR … – AllStockNews (allstocknews.com)
- Carbo Ceramics, Inc. (CRR) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Needle Action Activity Spotted in CARBO Ceramics Inc (CRR) – Wall Street Review (thewallstreetreview.com)
- Active Stock on Watch: CARBO Ceramics Inc (CRR) – Wall Street Review (thewallstreetreview.com)
- A Few Positives and Negatives For CARBO Ceramics Inc. (CRR), QTS Realty Trust, Inc. (QTS) – AllStockNews (allstocknews.com)
Several research firms recently commented on CRR. Cowen and Company dropped their price target on shares of Carbo Ceramics from $15.00 to $10.50 and set a “market perform” rating on the stock in a research report on Wednesday, May 10th. Zacks Investment Research lowered shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Finally, Scotiabank set a $14.00 price target on shares of Carbo Ceramics and gave the company a “hold” rating in a research report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.75.
Carbo Ceramics (NYSE CRR) traded down 0.61% during midday trading on Friday, reaching $6.56. 1,805,693 shares of the company traded hands. Carbo Ceramics has a 12 month low of $5.66 and a 12 month high of $16.70. The company’s 50-day moving average price is $7.70 and its 200 day moving average price is $10.58. The firm’s market capitalization is $178.03 million.
Carbo Ceramics (NYSE:CRR) last announced its quarterly earnings data on Thursday, April 27th. The oil and gas company reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by $0.13. The company had revenue of $34.70 million for the quarter, compared to analysts’ expectations of $32.22 million. Carbo Ceramics had a negative return on equity of 10.36% and a negative net margin of 84.01%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.07) earnings per share. On average, equities analysts anticipate that Carbo Ceramics will post ($3.60) earnings per share for the current year.
In related news, VP Ernesto Bautista III purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average price of $6.38 per share, with a total value of $31,900.00. Following the completion of the transaction, the vice president now owns 82,898 shares of the company’s stock, valued at $528,889.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary A. Kolstad purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average cost of $6.37 per share, with a total value of $127,400.00. Following the transaction, the insider now directly 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. Corporate insiders own 18.00% of the company’s stock.
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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