Shares of Smart Sand Inc (NASDAQ:SND) have been assigned a consensus rating of “Buy” from the twelve brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.28.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Smart Sand from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 10th. BidaskClub lowered Smart Sand from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Piper Jaffray Companies set a $10.00 price objective on Smart Sand and gave the company a “buy” rating in a research note on Sunday, November 12th. Credit Suisse Group lifted their price objective on Smart Sand from $5.50 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Finally, Janney Montgomery Scott lowered Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Tuesday, January 2nd.
A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its stake in Smart Sand by 22.1% during the second quarter. Parametric Portfolio Associates LLC now owns 32,621 shares of the company’s stock valued at $291,000 after buying an additional 5,901 shares during the period. Teachers Advisors LLC raised its position in Smart Sand by 20.2% during the fourth quarter. Teachers Advisors LLC now owns 37,466 shares of the company’s stock valued at $324,000 after purchasing an additional 6,284 shares in the last quarter. Royal Bank of Canada raised its position in Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after purchasing an additional 10,783 shares in the last quarter. Alliancebernstein L.P. raised its position in Smart Sand by 83.5% during the second quarter. Alliancebernstein L.P. now owns 24,400 shares of the company’s stock valued at $217,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Smart Sand by 103.1% during the second quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock valued at $196,000 after purchasing an additional 11,157 shares in the last quarter. 51.31% of the stock is owned by institutional investors.
Smart Sand (NASDAQ SND) traded up $0.14 during trading on Friday, hitting $8.34. The stock had a trading volume of 561,413 shares, compared to its average volume of 695,267. Smart Sand has a 52-week low of $4.81 and a 52-week high of $21.99. The company has a market capitalization of $346.17, a price-to-earnings ratio of 12.83 and a beta of 3.33.
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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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