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Stock Market & Financial Investment News

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August 5, 2014
10:48 EDTCRR, ROSERosetta switch to sand reduces CARBO visibility, says William Blair
William Blair notes Rosetta Resources (ROSE) said yesterday on its earnings call that it would be changing its completion design for Eagle Ford wells by switching from ceramic proppant to sand. The firm says Rosetta is one of CARBO Ceramics' largest customers. It estimates Rosetta uses between 250M-400M pounds per year of ceramic proppant, and believes CARBO management was surprised by the move. William Blair believes the switch reduces CARBO's forward visibility and it lowered its estimates for the company. The firm keeps a Market Perform rating on the stock. Shares of CARBO are down 10% to $109.37 in morning trading.
News For CRR;ROSE From The Last 14 Days
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September 17, 2014
14:13 EDTCRRCARBO Ceramics price target lowered to $85 from $108 at Iberia
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10:00 EDTCRROn The Fly: Analyst Initiation Summary
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September 16, 2014
16:18 EDTCRRCARBO Ceramics initiated with a Hold at KeyBanc
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