Shares of Smart Sand Inc (NYSE:SND) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.69.
Several equities research analysts have recently commented on the company. Janney Montgomery Scott assumed coverage on Smart Sand in a report on Thursday, June 15th. They set a “buy” rating and a $13.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective (down previously from $20.00) on shares of Smart Sand in a report on Monday, June 26th. Credit Suisse Group downgraded Smart Sand from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $8.50 in a report on Thursday, July 20th. BidaskClub upgraded Smart Sand from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded Smart Sand from a “buy” rating to a “sell” rating in a report on Thursday, July 13th.
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In other Smart Sand news, CEO Charles Edwin Young acquired 100,000 shares of Smart Sand stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $5.18 per share, for a total transaction of $518,000.00. Following the purchase, the chief executive officer now directly owns 140,600 shares of the company’s stock, valued at $728,308. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Lee E. Beckelman acquired 20,000 shares of Smart Sand stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $5.13 per share, with a total value of $102,600.00. Following the purchase, the chief financial officer now directly owns 137,500 shares in the company, valued at $705,375. The disclosure for this purchase can be found here. Insiders have purchased 132,000 shares of company stock valued at $685,960 in the last quarter.
A number of large investors have recently made changes to their positions in the business. FMR LLC grew its stake in Smart Sand by 42.2% in the 2nd quarter. FMR LLC now owns 2,263,470 shares of the company’s stock valued at $20,168,000 after purchasing an additional 671,670 shares during the period. Goldman Sachs Group Inc. grew its stake in Smart Sand by 86.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,405,119 shares of the company’s stock valued at $22,833,000 after purchasing an additional 650,587 shares during the period. Citigroup Inc. grew its stake in Smart Sand by 0.5% in the 2nd quarter. Citigroup Inc. now owns 1,300,206 shares of the company’s stock valued at $11,585,000 after purchasing an additional 6,416 shares during the period. Eagle Asset Management Inc. grew its stake in Smart Sand by 46.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,107,980 shares of the company’s stock valued at $9,872,000 after purchasing an additional 353,021 shares during the period. Finally, Vanguard Group Inc. grew its stake in Smart Sand by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 878,645 shares of the company’s stock valued at $7,829,000 after purchasing an additional 122,188 shares during the period.
Smart Sand (SND) traded down 2.03% during mid-day trading on Friday, reaching $7.24. The company had a trading volume of 361,365 shares. The firm has a market capitalization of $292.29 million and a P/E ratio of 15.24. The firm’s 50-day moving average is $6.83 and its 200-day moving average is $6.83. Smart Sand has a one year low of $4.81 and a one year high of $21.99.
Smart Sand (NYSE:SND) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $29.79 million for the quarter, compared to the consensus estimate of $29.88 million. Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. The company’s revenue was up 250.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. On average, equities research analysts anticipate that Smart Sand will post $0.32 earnings per share for the current fiscal year.
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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