CARBO Ceramics (CRR) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about CARBO Ceramics (NYSE:CRR) has trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CARBO Ceramics earned a daily sentiment score of 0.02 on AlphaOne’s scale. AlphaOne also gave news headlines about the oil and gas company an impact score of 93 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s scoring:

CARBO Ceramics (NYSE:CRR) traded down 5.63% during midday trading on Friday, reaching $8.89. The company had a trading volume of 960,249 shares. The company has a 50-day moving average price of $11.63 and a 200-day moving average price of $10.83. The stock’s market capitalization is $241.29 million. CARBO Ceramics has a one year low of $5.66 and a one year high of $16.70.

CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, January 26th. The oil and gas company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.43. The company had revenue of $27.70 million for the quarter, compared to the consensus estimate of $23.39 million. CARBO Ceramics had a negative return on equity of 7.01% and a negative net margin of 77.75%. The firm’s quarterly revenue was down 48.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.60) EPS. On average, equities analysts expect that CARBO Ceramics will post ($3.16) earnings per share for the current year.

CRR has been the subject of several recent analyst reports. Evercore ISI raised CARBO Ceramics from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, February 6th. Cowen and Company raised their target price on CARBO Ceramics from $11.00 to $15.00 and gave the stock a “market perform” rating in a research note on Monday, February 6th. Zacks Investment Research cut CARBO Ceramics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Finally, Scotiabank set a $14.00 target price on CARBO Ceramics and gave the stock a “hold” rating in a research note on Wednesday, March 22nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CARBO Ceramics has an average rating of “Hold” and a consensus target price of $13.50.

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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.

5 Day Chart for NYSE:CRR

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