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February 1, 2013
07:11 EDTCRRCARBO Ceramics upgraded to Buy from Accumulate at Global Hunter
Global Hunter upgraded CARBO due new proppant products and increasing proppant volumes. Price target is $98.
News For CRR From The Last 14 Days
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January 28, 2016
05:39 EDTCRRCARBO Ceramics expects initial results from Kryptosphere well in near future
The company commented, "In today's lower commodity price environment, it's vital that E&P operators reduce their cost to produce oil and gas. We remain excited about CARBO's technology platforms and our ability to deliver solutions that lower E&P operators' total finding and development costs while maximizing production. Kryptosphere continues to be adopted in the industry, with the first Kryptosphere LD well pumped in the fourth quarter of 2015. Initial results from the completion of this high profile well are expected in the near future. In addition to engineering a superior proppant in Kryptosphere, we continue to differentiate CARBO via our proppant-delivered production enhancement technologies. SCALEGUARD, a cost-effective scale-inhibitor solution, continues to see client gains. Field trials for other Guard products, such as SALTGUARD, are ongoing, and we expect additional field trials of our other technologies in 2016. Advancing our industry-leading technologies should provide a solid foundation and source of differentiation once we emerge from this downturn."
05:38 EDTCRRCARBO Ceramics expected to spend less than $10M in CapEx in 2016
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05:37 EDTCRRCARBO Ceramics expects Q1 North American rig count to decline in double digits
The company commented, "The continued decline in commodity prices creates an increasingly challenging operating environment as completion activity by E&P operators remains very depressed. Various industry sources have estimated that the North American rig count will likely decline by double digits in the first quarter of 2016 compared to the fourth quarter of 2015. With a lower rig count, we expect continued pressure on our proppant sales in the first half of 2016."
05:36 EDTCRRCARBO Ceramics reports Q4 GAAP EPS ($2.17), consensus (83c)
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