BidaskClub lowered shares of Smart Sand (NASDAQ:SND) from a strong-buy rating to a buy rating in a research report report published on Friday morning.
A number of other brokerages also recently issued reports on SND. Deutsche Bank began coverage on Smart Sand in a report on Tuesday, October 10th. They set a buy rating and a $9.00 price target on the stock. Zacks Investment Research raised Smart Sand from a sell rating to a hold rating in a report on Tuesday, October 31st. Piper Jaffray Companies set a $12.00 price target on Smart Sand and gave the company a buy rating in a report on Wednesday, January 10th. TheStreet raised Smart Sand from a d rating to a c- rating in a report on Tuesday, January 2nd. Finally, Jefferies Group downgraded Smart Sand from a buy rating to a hold rating and set a $7.00 price target on the stock. in a report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $12.80.
Shares of Smart Sand (NASDAQ:SND) opened at $8.69 on Friday. Smart Sand has a 1-year low of $4.81 and a 1-year high of $21.99. The company has a market capitalization of $351.02 and a price-to-earnings ratio of 13.17.
Smart Sand (NASDAQ:SND) last released its earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Smart Sand had a return on equity of 16.18% and a net margin of 17.92%. The business had revenue of $39.33 million for the quarter, compared to the consensus estimate of $33.60 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 259.8% compared to the same quarter last year. equities analysts anticipate that Smart Sand will post 0.41 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in Smart Sand by 14.4% during the fourth quarter. Victory Capital Management Inc. now owns 3,667,721 shares of the company’s stock valued at $31,762,000 after acquiring an additional 462,453 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Smart Sand during the fourth quarter valued at $518,000. Chicago Equity Partners LLC purchased a new stake in Smart Sand during the fourth quarter valued at $158,000. Mycio Wealth Partners LLC increased its position in Smart Sand by 62.2% during the fourth quarter. Mycio Wealth Partners LLC now owns 36,500 shares of the company’s stock valued at $316,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Smart Sand during the fourth quarter valued at $157,000. Institutional investors own 49.73% of the company’s stock.
Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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