Zacks Investment Research Upgrades Fairmount Santrol (FMSA) to “Hold”

Zacks Investment Research upgraded shares of Fairmount Santrol (NYSE:FMSA) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio. “

Other equities analysts have also issued research reports about the stock. TheStreet raised shares of Fairmount Santrol from a d+ rating to a c- rating in a research report on Tuesday, November 21st. B. Riley reaffirmed a neutral rating and set a $6.00 price target on shares of Fairmount Santrol in a research report on Wednesday, December 6th. Cowen set a $6.00 price target on shares of Fairmount Santrol and gave the stock a buy rating in a research report on Thursday, January 11th. Scotia Howard Weill reaffirmed a sector perform rating on shares of Fairmount Santrol in a research report on Friday, January 12th. Finally, BidaskClub lowered shares of Fairmount Santrol from a buy rating to a hold rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $5.95.

Fairmount Santrol (NYSE:FMSA) opened at $5.88 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. The firm has a market cap of $1,320.00, a P/E ratio of 117.60 and a beta of 2.11. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12.

Fairmount Santrol (NYSE:FMSA) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The business had revenue of $280.05 million during the quarter, compared to analyst estimates of $264.02 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The company’s revenue was up 107.8% on a year-over-year basis. analysts forecast that Fairmount Santrol will post 0.29 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Fairmount Santrol in the third quarter worth $101,000. GSA Capital Partners LLP increased its position in shares of Fairmount Santrol by 92.3% in the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 10,726 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Fairmount Santrol by 86.2% in the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 11,200 shares in the last quarter. Bank of Montreal Can increased its position in shares of Fairmount Santrol by 1,537.2% in the fourth quarter. Bank of Montreal Can now owns 27,308 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 25,640 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Fairmount Santrol by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 12,400 shares in the last quarter. 75.29% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Upgrades Fairmount Santrol (FMSA) to “Hold”” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2018/01/21/zacks-investment-research-upgrades-fairmount-santrol-fmsa-to-hold.html.

About Fairmount Santrol

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Get a free copy of the Zacks research report on Fairmount Santrol (FMSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Fairmount Santrol (NYSE:FMSA)

Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit