Press coverage about Carbo Ceramics (NYSE:CRR) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carbo Ceramics earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.5271569333707 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several research firms have recently issued reports on CRR. Zacks Investment Research upgraded Carbo Ceramics from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Wednesday, September 27th. ValuEngine upgraded Carbo Ceramics from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Cowen and Company set a $11.00 price objective on Carbo Ceramics and gave the stock a “hold” rating in a report on Friday, October 6th. Scotiabank set a $12.00 price objective on Carbo Ceramics and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies set a $9.00 target price on Carbo Ceramics and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Carbo Ceramics presently has a consensus rating of “Hold” and a consensus price target of C$10.75.
Carbo Ceramics (NYSE CRR) opened at C$9.45 on Friday. The company has a current ratio of 5.74, a quick ratio of 3.39 and a debt-to-equity ratio of 0.16. Carbo Ceramics has a 52-week low of C$5.83 and a 52-week high of C$16.70.
Carbo Ceramics (NYSE:CRR) last issued its earnings results on Thursday, October 26th. The company reported C($0.97) earnings per share for the quarter, missing the consensus estimate of C($0.81) by C($0.16). The firm had revenue of C$50.20 million during the quarter, compared to analysts’ expectations of C$46.98 million. Carbo Ceramics had a negative return on equity of 15.58% and a negative net margin of 79.49%. The company’s quarterly revenue was up 148.5% compared to the same quarter last year. During the same period last year, the business posted ($0.49) earnings per share. equities research analysts predict that Carbo Ceramics will post -3.74 EPS for the current year.
The company also recently announced a monthly dividend, which was paid on Friday, October 13th. Investors of record on Saturday, September 30th were given a $0.074 dividend. This represents a $0.89 annualized dividend and a dividend yield of 9.40%. The ex-dividend date of this dividend was Thursday, September 28th.
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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.
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