CARBO Ceramics’ (CRR) YTD (year-to-date) returns were -3.4% until November 20, 2017. Since December 30, 2016, CARBO Ceramics has underperformed the US rig count, the S&P 500 Index (SPX-INDEX), and the SPDR S&P 500 ETF (SPY). During this period, it has outperformed the Energy Select Sector SPDR ETF (XLE) and the VanEck Vectors Oil Services ETF (OIH).
CARBO Ceramics’ stock price has been strong in the past month. Since October 20, 2017, it has risen 52%.
Revenues and earnings in 9M17
From 4Q16 through 3Q17, CARBO Ceramics’ revenues rose 73%. In contrast, its net loss increased significantly from 4Q16 to 3Q17. CARBO Ceramics has generated negative free cash flows in the past ten quarters. CARBO Ceramics also piled up its net debt in 3Q17—compared to negative net debt in 4Q16.
In the next part, we’ll discuss the short interest in the top-performing OFS stocks.