Smart Sand (SND) Given Media Impact Rating of 0.18

Media stories about Smart Sand (NYSE:SND) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Sand earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.4017582177477 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment’s analysis:

Shares of Smart Sand (NYSE:SND) opened at $7.05 on Monday. Smart Sand has a 1 year low of $4.81 and a 1 year high of $21.99.

Smart Sand (NYSE:SND) last issued its earnings results on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ 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 for the quarter was up 250.9% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share.

A number of equities research analysts recently issued reports on the company. BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised Smart Sand from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Smart Sand in a research report on Monday, August 14th. Jefferies Group LLC set a $7.00 target price on Smart Sand and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Deutsche Bank AG started coverage on Smart Sand in a research report on Tuesday, October 10th. They set a “buy” rating and a $9.00 target price for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $13.07.

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In related news, CFO Lee E. Beckelman purchased 20,000 shares of Smart Sand stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $5.13 per share, with a total value of $102,600.00. Following the transaction, the chief financial officer now owns 137,500 shares in the company, valued at approximately $705,375. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert Kiszka purchased 10,000 shares of Smart Sand stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the vice president now owns 110,629 shares in the company, valued at approximately $611,778.37. The disclosure for this purchase can be found here. Over the last three months, insiders bought 132,000 shares of company stock valued at $685,960.

Smart Sand Company Profile

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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