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Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:48 EDTROSE, CRRRosetta 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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January 29, 2015
05:36 EDTCRRCARBO Ceramics expects 2015 CapEx to be reduced to less than half of 2014 CapEx
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05:33 EDTCRRCARBO Ceramics board authorizes repurchase of up to 2M shares
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05:32 EDTCRRCARBO Ceramics reports Q4 adjusted EPS 70c, consensus 64c
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January 21, 2015
11:40 EDTCRRSnow Capital reports 5.6% passive stake in CARBO Ceramics
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