Press coverage about CARBO Ceramics (NYSE:CRR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CARBO Ceramics earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 47.3030050905361 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
CARBO Ceramics (CRR) traded down $0.01 during midday trading on Monday, reaching $7.58. 555,200 shares of the company’s stock traded hands, compared to its average volume of 963,906. CARBO Ceramics has a fifty-two week low of $5.83 and a fifty-two week high of $15.68. The company has a quick ratio of 3.31, a current ratio of 4.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $205.70, a PE ratio of -1.59 and a beta of 1.75.
CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.02). The company had revenue of $60.34 million for the quarter, compared to analysts’ expectations of $56.87 million. CARBO Ceramics had a negative net margin of 67.47% and a negative return on equity of 20.27%. The business’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) EPS. analysts forecast that CARBO Ceramics will post -1.51 EPS for the current fiscal year.
CRR has been the subject of a number of recent analyst reports. Scotiabank set a $12.00 price objective on shares of CARBO Ceramics and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Finally, ValuEngine raised shares of CARBO Ceramics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.25.
In other CARBO Ceramics news, major shareholder Wilks Brothers, Llc bought 20,000 shares of CARBO Ceramics stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of $9.94 per share, with a total value of $198,800.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.20% of the stock is currently owned by company insiders.
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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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