Fairmount Santrol Holdings Inc. (NYSE:FMSA) Cut to “Sell” at Zacks Investment Research

Fairmount Santrol Holdings Inc. (NYSE:FMSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, October 17th.

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. “

A number of other research analysts have also recently commented on FMSA. Morgan Stanley reaffirmed an “overweight” rating and set a $8.00 price target (down previously from $14.50) on shares of Fairmount Santrol Holdings in a research report on Wednesday, June 21st. Johnson Rice cut Fairmount Santrol Holdings from a “buy” rating to an “accumulate” rating and dropped their price objective for the stock from $10.00 to $6.00 in a report on Thursday, June 22nd. Guggenheim cut Fairmount Santrol Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Northcoast Research raised Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Finally, Howard Weil reissued a “sector outperform” rating on shares of Fairmount Santrol Holdings in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.79.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) traded up 4.21% during trading on Tuesday, reaching $3.71. 2,230,555 shares of the company were exchanged. Fairmount Santrol Holdings has a one year low of $2.46 and a one year high of $13.12. The company has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.12. The stock’s market capitalization is $831.34 million.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The firm had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. During the same quarter in the prior year, the firm earned ($0.54) EPS. The business’s revenue for the quarter was up 104.2% compared to the same quarter last year. Equities analysts predict that Fairmount Santrol Holdings will post $0.27 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. 1060 Capital LLC bought a new position in Fairmount Santrol Holdings during the 2nd quarter worth approximately $3,914,000. Elliott Management Corp bought a new position in Fairmount Santrol Holdings during the 2nd quarter worth approximately $18,720,000. JPMorgan Chase & Co. grew its position in Fairmount Santrol Holdings by 58.5% during the 2nd 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. Vanguard Group Inc. grew its position in Fairmount Santrol Holdings by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 12,132,400 shares of the industrial products company’s stock worth $88,930,000 after acquiring an additional 370,651 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Fairmount Santrol Holdings by 1,333.9% during the 1st quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock worth $3,251,000 after acquiring an additional 412,604 shares during the last quarter. Institutional investors and hedge funds own 83.77% of the company’s stock.

Fairmount Santrol Holdings 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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Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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