Somewhat Favorable Press Coverage Very Likely to Affect CARBO Ceramics (CRR) Share Price

News headlines about CARBO Ceramics (NYSE:CRR) have been trending somewhat positive on Friday, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CARBO Ceramics earned a media sentiment score of 0.13 on Alpha One’s scale. Alpha One also gave news coverage about the oil and gas company an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Alpha One Sentiment’s analysis:

A number of research analysts recently issued reports on the stock. Cowen and Company decreased their target price on shares of CARBO Ceramics from $15.00 to $10.50 and set a “market perform” rating for the company in a research report on Wednesday, May 10th. Evercore ISI upgraded shares of CARBO Ceramics from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, February 6th. Scotiabank set a $14.00 target price on shares of CARBO Ceramics and gave the company a “hold” rating in a research report on Wednesday, March 22nd. Finally, Zacks Investment Research downgraded shares of CARBO Ceramics from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.75.

CARBO Ceramics (NYSE:CRR) traded down 1.53% on Friday, reaching $8.99. 698,198 shares of the company’s stock were exchanged. The company’s market capitalization is $243.98 million. The firm has a 50-day moving average price of $9.32 and a 200-day moving average price of $10.46. CARBO Ceramics has a 1-year low of $5.66 and a 1-year high of $16.70.

CARBO Ceramics (NYSE:CRR) last released its earnings results on Thursday, April 27th. The oil and gas company reported ($1.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by $0.13. CARBO Ceramics had a negative return on equity of 7.01% and a negative net margin of 77.75%. The firm had revenue of $34.70 million during the quarter, compared to analyst estimates of $32.22 million. During the same quarter last year, the business posted ($1.07) EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Equities research analysts expect that CARBO Ceramics will post ($3.24) earnings per share for the current year.

In other news, VP Ernesto Bautista III bought 5,000 shares of CARBO Ceramics stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average price of $6.38 per share, for a total transaction of $31,900.00. Following the purchase, the vice president now owns 82,898 shares of the company’s stock, valued at $528,889.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary A. Kolstad bought 20,000 shares of CARBO Ceramics stock in a transaction dated Wednesday, May 3rd. The stock was purchased at an average price of $6.37 per share, with a total value of $127,400.00. Following the purchase, the insider now directly owns 278,135 shares in the company, valued at approximately $1,771,719.95. The disclosure for this purchase can be found here. 18.00% of the stock is currently owned by company insiders.

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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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