Piper Jaffray set a $10.00 price target on Smart Sand (NASDAQ:SND) in a research report sent to investors on Friday, March 16th. The firm currently has a buy rating on the stock.
Several other brokerages have also weighed in on SND. Janney Montgomery Scott lowered Smart Sand from a buy rating to a neutral rating and set a $13.00 target price on the stock. in a research report on Tuesday, January 2nd. TheStreet upgraded Smart Sand from a d rating to a c- rating in a research note on Tuesday, January 2nd. BidaskClub downgraded Smart Sand from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Credit Suisse Group restated a neutral rating and set a $6.75 price target (down previously from $9.00) on shares of Smart Sand in a research note on Friday, March 16th. Finally, Zacks Investment Research upgraded Smart Sand from a hold rating to a strong-buy rating and set a $9.50 price target on the stock in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $11.14.
SND stock traded down $0.12 during mid-day trading on Friday, reaching $6.06. The company had a trading volume of 597,487 shares, compared to its average volume of 1,159,724. The firm has a market capitalization of $248.13, a P/E ratio of 18.94 and a beta of 3.49. Smart Sand has a fifty-two week low of $4.81 and a fifty-two week high of $16.67.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, March 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). Smart Sand had a net margin of 15.69% and a return on equity of 7.37%. The company had revenue of $43.00 million during the quarter, compared to analyst estimates of $40.96 million. During the same period in the prior year, the business earned $0.40 EPS. Smart Sand’s revenue for the quarter was up 45.8% on a year-over-year basis. equities analysts anticipate that Smart Sand will post 1.12 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Smart Sand by 1,651.3% in the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after buying an additional 10,783 shares in the last quarter. Fidelity National Financial Inc. purchased a new stake in shares of Smart Sand in the fourth quarter valued at approximately $123,000. SG Americas Securities LLC purchased a new stake in shares of Smart Sand in the third quarter valued at approximately $128,000. Macquarie Group Ltd. purchased a new stake in shares of Smart Sand in the fourth quarter valued at approximately $128,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Smart Sand in the fourth quarter valued at approximately $144,000. Hedge funds and other institutional investors own 51.00% of the company’s stock.
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About Smart Sand
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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