Smart Sand (SND) Research Coverage Started at Seaport Global Securities

Seaport Global Securities initiated coverage on shares of Smart Sand (NASDAQ:SND) in a research report report published on Friday, MarketBeat reports. The firm issued a buy rating and a $15.00 price target on the stock.

A number of other research firms have also recently weighed in on SND. Piper Jaffray Companies restated an overweight rating and set a $8.15 target price (up previously from $7.75) on shares of Smart Sand in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Smart Sand from a sell rating to a hold rating in a research note on Saturday, September 9th. Jefferies Group set a $7.00 price target on shares of Smart Sand and gave the stock a buy rating in a research note on Monday, August 28th. BidaskClub upgraded shares of Smart Sand from a sell rating to a hold rating in a research note on Thursday, September 14th. Finally, Deutsche Bank initiated coverage on shares of Smart Sand in a research note on Tuesday, October 10th. They issued a buy rating and a $9.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Smart Sand currently has a consensus rating of Buy and a consensus price target of $13.00.

Smart Sand (NASDAQ:SND) opened at $8.37 on Friday. Smart Sand has a one year low of $4.81 and a one year high of $21.99. The firm has a market cap of $338.09 and a price-to-earnings ratio of 12.49.

Smart Sand (NASDAQ:SND) last released its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. The company had revenue of $39.33 million for the quarter, compared to analysts’ expectations of $33.60 million. During the same quarter in the previous year, the company earned $0.06 EPS. Smart Sand’s revenue for the quarter was up 259.8% on a year-over-year basis. analysts forecast that Smart Sand will post 0.4 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Credit Suisse AG grew its holdings in Smart Sand by 6.6% during the 1st quarter. Credit Suisse AG now owns 16,728 shares of the company’s stock valued at $272,000 after purchasing an additional 1,038 shares during the last quarter. Wall Street Access Asset Management LLC grew its holdings in Smart Sand by 19.6% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after purchasing an additional 2,705 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Smart Sand by 22.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 32,621 shares of the company’s stock valued at $291,000 after purchasing an additional 5,901 shares during the last quarter. Citigroup Inc. grew its holdings in Smart Sand by 0.5% during the 2nd quarter. Citigroup Inc. now owns 1,300,206 shares of the company’s stock valued at $11,585,000 after purchasing an additional 6,416 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Smart Sand by 23.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 50,536 shares of the company’s stock valued at $822,000 after purchasing an additional 9,468 shares during the last quarter. Institutional investors own 49.61% of the company’s stock.

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About Smart Sand

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.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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