Shares of Smart Sand Inc (NYSE:SND) have been assigned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.53.
Several research firms recently issued reports on SND. Jefferies Group LLC set a $20.00 price target on Smart Sand and gave the company a “buy” rating in a research note on Sunday, May 14th. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, May 24th. Evercore ISI began coverage on Smart Sand in a research note on Thursday, May 25th. They issued an “in-line” rating and a $12.00 price target for the company. Deutsche Bank AG reiterated a “buy” rating and set a $18.00 target price (down from $21.00) on shares of Smart Sand in a research report on Tuesday, May 30th. Finally, Janney Montgomery Scott began coverage on Smart Sand in a research report on Thursday, June 15th. They set a “buy” rating and a $13.00 target price for the company.
Several hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG boosted its position in Smart Sand by 6.6% in the first quarter. Credit Suisse AG now owns 16,728 shares of the company’s stock worth $272,000 after buying an additional 1,038 shares during the period. Nationwide Fund Advisors boosted its position in Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after buying an additional 1,597 shares during the period. Winslow Evans & Crocker Inc. boosted its position in Smart Sand by 10.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 30,725 shares of the company’s stock worth $281,000 after buying an additional 2,999 shares during the period. Citigroup Inc. boosted its position in Smart Sand by 0.5% in the second quarter. Citigroup Inc. now owns 1,300,206 shares of the company’s stock worth $11,585,000 after buying an additional 6,416 shares during the period. Finally, American International Group Inc. acquired a new position in Smart Sand during the first quarter worth approximately $116,000.
Shares of Smart Sand (SND) traded down 0.9615% during midday trading on Monday, reaching $5.1401. The company’s stock had a trading volume of 540,303 shares. The firm has a market cap of $207.35 million and a price-to-earnings ratio of 13.5981. The company has a 50-day moving average price of $7.17 and a 200-day moving average price of $12.36. Smart Sand has a 12 month low of $5.01 and a 12 month high of $21.99.
Smart Sand (NYSE:SND) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm had revenue of $29.79 million during the quarter, compared to the consensus estimate of $29.88 million. Smart Sand had a net margin of 3.87% and a return on equity of 2.51%. The business’s revenue for the quarter was up 250.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. Equities analysts expect that Smart Sand will post $0.42 earnings per share for the current year.
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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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