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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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March 26, 2015
13:24 EDTCRRCARBO Ceramics Q1 demand declining rapidly, says Iberia
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13:13 EDTCRRCARBO Ceramics Q1 estimates lowered at Iberia
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March 18, 2015
13:13 EDTROSEAnalyst recommends buying top E&P names before crude finds its bottom
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07:21 EDTROSEE&P stocks should be bought on weakness, says Stifel
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March 17, 2015
19:42 EDTCRROn The Fly: After Hours Movers
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16:22 EDTCRRCARBO Ceramics cuts quarterly dividend to 10c from 33c per share
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10:00 EDTROSEOn The Fly: Analyst Downgrade Summary
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09:14 EDTROSERosetta Resources downgraded to Accumulate from Buy at Global Hunter
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