ValuEngine upgraded shares of Smart Sand (NASDAQ:SND) from a sell rating to a hold rating in a report issued on Thursday morning.
SND has been the topic of several other reports. Zacks Investment Research lowered shares of Smart Sand from a strong-buy rating to a hold rating in a research note on Thursday, March 22nd. Tudor Pickering lowered shares of Smart Sand from a buy rating to a hold rating in a research note on Friday, June 8th. TheStreet lowered shares of Smart Sand from a c- rating to a d+ rating in a research note on Monday, March 26th. Deutsche Bank lowered their price objective on shares of Smart Sand from $9.00 to $8.00 and set a buy rating on the stock in a research note on Monday, March 19th. Finally, BidaskClub upgraded shares of Smart Sand from a sell rating to a hold rating in a research note on Saturday, April 14th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Smart Sand has an average rating of Hold and an average target price of $10.91.
Smart Sand stock opened at $5.31 on Thursday. The stock has a market cap of $204.41 million, a PE ratio of 16.59 and a beta of 2.85. Smart Sand has a fifty-two week low of $4.81 and a fifty-two week high of $11.06. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.
Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Thursday, May 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $42.60 million for the quarter, compared to analyst estimates of $44.56 million. Smart Sand had a return on equity of 7.13% and a net margin of 13.91%. The firm’s revenue for the quarter was up 70.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. research analysts expect that Smart Sand will post 1.01 EPS for the current fiscal year.
In related news, CFO Lee E. Beckelman purchased 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were acquired at an average price of $6.64 per share, for a total transaction of $50,464.00. Following the purchase, the chief financial officer now owns 184,867 shares in the company, valued at $1,227,516.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Edwin Young purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was bought at an average price of $6.60 per share, for a total transaction of $99,000.00. Following the purchase, the chief executive officer now owns 223,906 shares in the company, valued at approximately $1,477,779.60. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 53,600 shares of company stock worth $337,434. 46.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Smart Sand in the 1st quarter valued at about $778,000. A.R.T. Advisors LLC bought a new stake in Smart Sand in the 1st quarter valued at about $155,000. Russell Investments Group Ltd. boosted its holdings in Smart Sand by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,898,671 shares of the company’s stock valued at $11,051,000 after purchasing an additional 240,872 shares during the period. Dimensional Fund Advisors LP bought a new stake in Smart Sand in the 1st quarter valued at about $1,149,000. Finally, New York State Common Retirement Fund boosted its holdings in Smart Sand by 267.4% in the 1st quarter. New York State Common Retirement Fund now owns 65,756 shares of the company’s stock valued at $383,000 after purchasing an additional 47,856 shares during the period. 46.16% of the stock is owned by hedge funds and other institutional investors.
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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