Somewhat Positive News Coverage Somewhat Unlikely to Affect Smart Sand (SND) Stock Price

Media headlines about Smart Sand (NASDAQ:SND) have trended somewhat positive on Monday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Sand earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.0388390424129 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Smart Sand (SND) opened at $8.25 on Monday. Smart Sand has a 1 year low of $4.81 and a 1 year high of $21.99. The firm has a market capitalization of $333.24 and a P/E ratio of 12.31.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The company had revenue of $39.33 million for the quarter, compared to analyst estimates of $33.60 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm’s revenue was up 259.8% on a year-over-year basis. equities analysts forecast that Smart Sand will post 0.4 EPS for the current fiscal year.

A number of brokerages have recently weighed in on SND. BidaskClub upgraded Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Deutsche Bank began coverage on Smart Sand in a research report on Tuesday, October 10th. They issued a “buy” rating and a $9.00 price objective on the stock. Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $8.15 price objective (up from $7.75) on shares of Smart Sand in a research report on Friday, October 13th. Finally, Jefferies Group lowered Smart Sand from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Wednesday, November 15th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Smart Sand presently has a consensus rating of “Buy” and an average target price of $12.80.

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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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