Smart Sand (NASDAQ:SND) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, March 17th.
A number of other equities analysts have also recently commented on SND. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Friday, November 17th. Seaport Global Securities assumed coverage on Smart Sand in a report on Friday, December 8th. They set a “buy” rating and a $15.00 price target for the company. Janney Montgomery Scott cut Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Tuesday, January 2nd. TheStreet upgraded Smart Sand from a “d” rating to a “c-” rating in a report on Tuesday, January 2nd. Finally, Piper Jaffray set a $12.00 price objective on Smart Sand and gave the stock a “buy” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Smart Sand has an average rating of “Hold” and a consensus price target of $11.14.
Smart Sand stock traded down $0.12 during mid-day trading on Friday, hitting $6.06. 597,487 shares of the company’s stock were exchanged, compared to its average volume of 1,159,724. Smart Sand has a fifty-two week low of $4.81 and a fifty-two week high of $16.67. The company has a market capitalization of $248.13, a PE ratio of 18.94 and a beta of 3.49.
Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, March 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.09). The firm had revenue of $43.00 million during the quarter, compared to analyst estimates of $40.96 million. Smart Sand had a net margin of 15.69% and a return on equity of 7.37%. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. equities research analysts predict that Smart Sand will post 1.12 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new position in Smart Sand during the fourth quarter valued at approximately $128,000. Millennium Management LLC raised its position in Smart Sand by 430.2% during the fourth quarter. Millennium Management LLC now owns 490,170 shares of the company’s stock valued at $4,245,000 after purchasing an additional 397,720 shares in the last quarter. 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. Two Sigma Investments LP acquired a new position in Smart Sand during the fourth quarter valued at approximately $308,000. Finally, Ellington Management Group LLC acquired a new position in Smart Sand during the fourth quarter valued at approximately $246,000. Institutional investors and hedge funds own 51.00% of the company’s stock.
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Smart Sand Company Profile
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
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