Smart Sand Inc (NASDAQ:SND) – Stock analysts at Seaport Global Securities issued their FY2020 EPS estimates for Smart Sand in a research note issued on Thursday, October 18th. Seaport Global Securities analyst M. Urban forecasts that the company will earn $0.70 per share for the year. Seaport Global Securities has a “Buy” rating and a $5.00 price objective on the stock.
Several other equities analysts have also weighed in on the company. Johnson Rice lowered Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Tuesday, June 26th. Stifel Nicolaus initiated coverage on Smart Sand in a research note on Monday, September 10th. They issued a “hold” rating and a $5.50 price objective on the stock. ValuEngine lowered Smart Sand from a “sell” rating to a “strong sell” rating in a research note on Monday, September 24th. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Jefferies Financial Group lowered Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 price target on the stock. in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.69.
NASDAQ SND opened at $3.10 on Friday. The stock has a market capitalization of $127.50 million, a PE ratio of 9.67 and a beta of 2.86. Smart Sand has a 1-year low of $2.95 and a 1-year high of $11.06. The company has a current ratio of 1.57, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22.
Smart Sand (NASDAQ:SND) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The firm had revenue of $54.40 million for the quarter, compared to analyst estimates of $52.43 million. During the same period last year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 82.6% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in shares of Smart Sand in the second quarter valued at $173,000. Northern Trust Corp lifted its holdings in shares of Smart Sand by 5.3% in the first quarter. Northern Trust Corp now owns 249,509 shares of the company’s stock valued at $1,452,000 after buying an additional 12,645 shares during the period. BlackRock Inc. lifted its holdings in shares of Smart Sand by 1.9% in the first quarter. BlackRock Inc. now owns 1,373,184 shares of the company’s stock valued at $7,992,000 after buying an additional 25,028 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Smart Sand in the second quarter valued at $121,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Smart Sand by 2,356.2% in the first quarter. JPMorgan Chase & Co. now owns 115,860 shares of the company’s stock valued at $675,000 after buying an additional 111,143 shares during the period. Institutional investors own 43.07% of the company’s stock.
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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