Fairmount Santrol (NYSE:FMSA) Downgraded to “Sell” at Zacks Investment Research

Fairmount Santrol (NYSE:FMSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, January 8th.

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. “

FMSA has been the topic of a number of other reports. KeyCorp reaffirmed an “overweight” rating and issued a $6.50 price target on shares of Fairmount Santrol in a research note on Wednesday, October 4th. Royal Bank of Canada set a $7.00 price target on shares of Fairmount Santrol and gave the company a “buy” rating in a research note on Thursday, December 21st. B. Riley reaffirmed a “hold” rating and issued a $6.00 price target on shares of Fairmount Santrol in a research note on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.15 price target on shares of Fairmount Santrol in a research note on Tuesday, December 26th. Finally, ValuEngine raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.95.

Fairmount Santrol (NYSE:FMSA) traded down $0.05 during mid-day trading on Monday, hitting $5.57. 1,660,383 shares of the stock traded hands, compared to its average volume of 2,917,560. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52. Fairmount Santrol has a twelve month low of $2.46 and a twelve month high of $13.02. The stock has a market cap of $1,260.00, a price-to-earnings ratio of 111.40 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 (EPS) for the quarter, topping the 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 business had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. During the same period in the prior year, the company posted ($0.11) EPS. The company’s revenue for the quarter was up 107.8% on a year-over-year basis. research analysts expect that Fairmount Santrol will post 0.29 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its position in shares of Fairmount Santrol by 168.7% during the 2nd quarter. Alliancebernstein L.P. now owns 395,620 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 248,400 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Fairmount Santrol by 96.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock worth $6,762,000 after purchasing an additional 692,814 shares during the period. Elliott Management Corp purchased a new position in shares of Fairmount Santrol during the 2nd quarter worth approximately $18,720,000. Boston Partners purchased a new position in shares of Fairmount Santrol during the 3rd quarter worth approximately $3,879,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Fairmount Santrol 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 purchasing an additional 254,303 shares during the period. 75.34% of the stock is owned by hedge funds and other 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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