Somewhat Positive Media Coverage Somewhat Unlikely to Affect Carbo Ceramics (CRR) Stock Price
Headlines about Carbo Ceramics (NYSE:CRR) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media 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 negative one to one, with scores nearest to one being the most favorable. Carbo Ceramics earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.7453999580575 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- 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)
- Q4 2017 EPS Estimates for Carbo Ceramics, Inc. (CRR) Cut by Analyst (americanbankingnews.com)
- Carbo Ceramics, Inc. (CRR) PT Set at $12.00 by Scotiabank (americanbankingnews.com)
- Hudock Moyer Wealth Resources, LLC Buys iShares 7-10 Year Treasury Bond ETF, Sprott Physical … (nasdaq.com)
A number of research firms have weighed in on CRR. ValuEngine lowered shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Scotiabank set a $12.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Friday. Piper Jaffray Companies set a $9.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, Cowen and Company set a $11.00 price target on shares of Carbo Ceramics and gave the stock a “hold” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.75.
Shares of Carbo Ceramics (NYSE CRR) traded up 5.21% on Tuesday, hitting $8.28. 1,962,700 shares of the stock were exchanged. The company has a 50 day moving average of $7.53 and a 200 day moving average of $7.34. Carbo Ceramics has a 52-week low of $5.83 and a 52-week high of $16.70. The company’s market cap is $224.78 million.
Carbo Ceramics (NYSE:CRR) last issued its earnings results on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.16). Carbo Ceramics had a negative return on equity of 15.58% and a negative net margin of 79.49%. The firm had revenue of $50.20 million during the quarter, compared to the consensus estimate of $46.98 million. During the same quarter in the prior year, the business posted ($0.49) EPS. The firm’s revenue for the quarter was up 148.5% on a year-over-year basis. Equities research analysts forecast that Carbo Ceramics will post ($3.63) earnings per share for the current 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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