Smart Sand Inc (NASDAQ:SND) has been assigned an average rating of “Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.18.
A number of research firms recently commented on SND. Deutsche Bank began coverage on shares of Smart Sand in a research note on Tuesday, October 10th. They issued a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research raised shares of Smart Sand from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. TheStreet raised shares of Smart Sand from a “d” rating to a “c-” rating in a research note on Tuesday, January 2nd. Finally, Piper Jaffray Companies set a $12.00 price objective on shares of Smart Sand and gave the stock a “buy” rating in a research note on Wednesday, January 10th.
Shares of Smart Sand (NASDAQ SND) traded down $0.38 during trading hours on Monday, reaching $10.60. The company has a market capitalization of $428.17 and a price-to-earnings ratio of 16.06. Smart Sand has a one year low of $4.81 and a one year high of $21.99.
Smart Sand (NASDAQ:SND) last issued its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The firm had revenue of $39.33 million during the quarter, compared to analysts’ expectations of $33.60 million. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. The firm’s revenue for the quarter was up 259.8% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. sell-side analysts anticipate that Smart Sand will post 0.4 EPS for the current year.
Several large investors have recently modified their holdings of the business. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Smart Sand by 13.4% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 785,589 shares of the company’s stock valued at $6,803,000 after buying an additional 92,583 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Smart Sand during the 3rd quarter valued at $592,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Smart Sand during the 3rd quarter valued at $175,000. Wells Fargo & Company MN boosted its stake in shares of Smart Sand by 215.2% during the 3rd quarter. Wells Fargo & Company MN now owns 389,083 shares of the company’s stock valued at $2,638,000 after buying an additional 265,657 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Smart Sand during the 3rd quarter valued at $3,069,000. 49.52% of the stock is owned by institutional investors.
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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.
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