CARBO Ceramics (NYSE:CRR) Receiving Somewhat Positive Press Coverage, Report Shows

Headlines about CARBO Ceramics (NYSE:CRR) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CARBO Ceramics earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.5686422411946 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s rankings:

CRR stock traded up $1.14 during mid-day trading on Wednesday, hitting $8.72. The stock had a trading volume of 1,174,930 shares, compared to its average volume of 808,584. The company has a quick ratio of 2.75, a current ratio of 4.61 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $204.34, a PE ratio of -1.83 and a beta of 1.78. CARBO Ceramics has a 52 week low of $5.83 and a 52 week high of $13.70.

CARBO Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.02). The business had revenue of $60.34 million during the quarter, compared to the consensus estimate of $56.87 million. CARBO Ceramics had a negative net margin of 67.47% and a negative return on equity of 20.27%. CARBO Ceramics’s quarterly revenue was up 107.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.35) EPS. sell-side analysts anticipate that CARBO Ceramics will post -1.67 earnings per share for the current fiscal year.

CRR has been the subject of a number of research analyst reports. Zacks Investment Research cut CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Cowen set a $8.00 target price on CARBO Ceramics and gave the company a “hold” rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. CARBO Ceramics presently has an average rating of “Hold” and an average target price of $8.65.

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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.

Insider Buying and Selling by Quarter for CARBO Ceramics (NYSE:CRR)

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