Analysts Set Smart Sand Inc (SND) PT at $13.18

Smart Sand Inc (NASDAQ:SND) has been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.18.

Several analysts have recently commented on the company. Seaport Global Securities assumed coverage on Smart Sand in a research note on Friday, December 8th. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Friday, November 17th. Deutsche Bank assumed coverage on Smart Sand in a research note on Tuesday, October 10th. They issued a “buy” rating and a $9.00 price objective for the company. Jefferies Group set a $7.00 price objective on Smart Sand and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th.

Shares of Smart Sand (SND) traded up $0.21 during trading hours on Monday, reaching $10.00. The company’s stock had a trading volume of 673,100 shares, compared to its average volume of 861,945. The company has a market capitalization of $402.92 and a price-to-earnings ratio of 15.15. Smart Sand has a 1-year low of $4.81 and a 1-year high of $21.99.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in shares of Smart Sand during the fourth quarter valued at approximately $157,000. Acadian Asset Management LLC purchased a new stake in shares of Smart Sand during the fourth quarter valued at approximately $410,000. Thomson Horstmann & Bryant Inc. increased its position in shares of Smart Sand by 13.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 785,589 shares of the company’s stock valued at $6,803,000 after acquiring an additional 92,583 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Smart Sand during the third quarter valued at approximately $592,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Smart Sand during the third quarter valued at approximately $175,000. 49.52% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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