Smart Sand Inc (NASDAQ:SND) – Analysts at Jefferies Group boosted their Q2 2018 EPS estimates for shares of Smart Sand in a research note issued on Thursday. Jefferies Group analyst B. Handler now expects that the company will post earnings per share of $0.31 for the quarter, up from their previous estimate of $0.24. Jefferies Group has a “Hold” rating and a $7.00 price objective on the stock. Jefferies Group also issued estimates for Smart Sand’s Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.39 EPS.
SND has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Smart Sand from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Seaport Global Securities assumed coverage on shares of Smart Sand in a research note on Friday, December 8th. They set a “buy” rating and a $15.00 price objective on the stock. BidaskClub upgraded shares of Smart Sand from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Piper Jaffray Companies set a $10.00 price objective on shares of Smart Sand and gave the stock a “buy” rating in a research note on Sunday, November 12th. Finally, Credit Suisse Group increased their price objective on shares of Smart Sand from $5.50 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 14th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $12.80.
Shares of Smart Sand (NASDAQ:SND) opened at $8.16 on Monday. The stock has a market cap of $336.88, a PE ratio of 12.45 and a beta of 3.33. Smart Sand has a one year low of $4.81 and a one year high of $21.99.
Several hedge funds have recently bought and sold shares of SND. Victory Capital Management Inc. lifted its holdings in shares of Smart Sand by 51.8% in the third quarter. Victory Capital Management Inc. now owns 3,205,268 shares of the company’s stock worth $21,732,000 after acquiring an additional 1,093,368 shares during the last quarter. Boston Partners lifted its holdings in shares of Smart Sand by 145.4% in the third quarter. Boston Partners now owns 1,598,268 shares of the company’s stock worth $10,837,000 after acquiring an additional 946,910 shares during the last quarter. FMR LLC lifted its holdings in shares of Smart Sand by 42.2% in the second quarter. FMR LLC now owns 2,263,470 shares of the company’s stock worth $20,168,000 after acquiring an additional 671,670 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Smart Sand by 237.3% in the third quarter. Russell Investments Group Ltd. now owns 847,723 shares of the company’s stock worth $5,746,000 after acquiring an additional 596,398 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Smart Sand in the 3rd quarter valued at approximately $3,069,000. 50.92% of the stock is owned by hedge funds and other 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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