Fairmount Santrol (FMSA) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Fairmount Santrol (NYSE:FMSA) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio. “

Several other equities analysts also recently weighed in on the stock. Piper Jaffray Companies set a $6.00 target price on shares of Fairmount Santrol and gave the company a buy rating in a report on Monday, January 1st. Royal Bank of Canada set a $7.00 target price on shares of Fairmount Santrol and gave the company a buy rating in a report on Thursday, December 21st. Guggenheim upgraded shares of Fairmount Santrol from a neutral rating to a buy rating and set a $7.00 target price for the company in a report on Monday, December 18th. B. Riley restated a hold rating and set a $6.00 target price on shares of Fairmount Santrol in a report on Wednesday, December 13th. Finally, Seaport Global Securities assumed coverage on shares of Fairmount Santrol in a report on Friday, December 8th. They set a buy rating and a $8.00 target price for the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $5.95.

Fairmount Santrol (NYSE FMSA) traded up $0.02 during trading hours on Monday, reaching $6.05. 3,344,716 shares of the company’s stock traded hands, compared to its average volume of 3,152,267. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12. The stock has a market cap of $1,350.00, a P/E ratio of 121.00 and a beta of 2.11.

Fairmount Santrol (NYSE:FMSA) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The firm had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. During the same period last year, the firm posted ($0.11) EPS. The firm’s revenue for the quarter was up 107.8% on a year-over-year basis. sell-side analysts predict that Fairmount Santrol will post 0.29 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its position in shares of Fairmount Santrol by 168.7% in the second quarter. Alliancebernstein L.P. now owns 395,620 shares of the industrial products company’s stock worth $1,543,000 after acquiring an additional 248,400 shares during the last quarter. Elliott Management Corp acquired a new stake in shares of Fairmount Santrol in the second quarter worth approximately $18,720,000. Boston Partners acquired a new stake in shares of Fairmount Santrol in the third quarter worth approximately $3,879,000. JPMorgan Chase & Co. boosted its position in shares of Fairmount Santrol by 58.5% in the second quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock worth $2,687,000 after acquiring an additional 254,303 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Fairmount Santrol by 68.0% in the second quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 50,298 shares during the last quarter. 75.29% of the stock is currently owned by institutional investors.

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Fairmount Santrol Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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