Smart Sand Inc (NYSE:SND) has received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.81.
Several research firms have commented on SND. BidaskClub upgraded Smart Sand from a “sell” rating to a “hold” rating in a research note on Thursday. Evercore ISI assumed coverage on Smart Sand in a research report on Thursday, May 25th. They issued an “in-line” rating and a $12.00 price target for the company. Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Janney Montgomery Scott assumed coverage on Smart Sand in a research report on Thursday, June 15th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $15.00 price target (down from $20.00) on shares of Smart Sand in a research report on Monday, June 26th.
Smart Sand (SND) traded down 7.35% during trading on Tuesday, reaching $6.30. The company’s stock had a trading volume of 474,226 shares. Smart Sand has a one year low of $5.82 and a one year high of $21.99. The firm has a market capitalization of $254.34 million and a P/E ratio of 13.26. The stock has a 50-day moving average of $6.40 and a 200 day moving average of $12.59.
Smart Sand (NYSE:SND) last posted 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). Smart Sand had a return on equity of 6.22% and a net margin of 8.81%. The firm had revenue of $29.79 million for the quarter, compared to analysts’ expectations of $29.88 million. During the same quarter last year, the firm posted ($0.11) earnings per share. Smart Sand’s quarterly revenue was up 250.9% on a year-over-year basis. On average, equities research analysts predict that Smart Sand will post $0.31 EPS for the current fiscal year.
In related news, CFO Lee E. Beckelman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $5.13 per share, for a total transaction of $102,600.00. Following the completion of the transaction, the chief financial officer now directly owns 137,500 shares of the company’s stock, valued at $705,375. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert Kiszka purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the vice president now directly owns 110,629 shares of the company’s stock, valued at $611,778.37. The disclosure for this purchase can be found here. Insiders bought 132,000 shares of company stock valued at $685,960 over the last 90 days.
Several hedge funds have recently bought and sold shares of the company. Credit Suisse AG grew its position in shares of Smart Sand by 6.6% in the first quarter. Credit Suisse AG now owns 16,728 shares of the company’s stock valued at $272,000 after purchasing an additional 1,038 shares in the last quarter. Nationwide Fund Advisors grew its position in Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after acquiring an additional 1,597 shares during the period. Wall Street Access Asset Management LLC grew its position in Smart Sand by 19.6% in the second quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock worth $147,000 after acquiring an additional 2,705 shares during the period. Winslow Evans & Crocker Inc. grew its position in Smart Sand by 10.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 30,725 shares of the company’s stock worth $281,000 after acquiring an additional 2,999 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Smart Sand by 22.1% in the second quarter. Parametric Portfolio Associates LLC now owns 32,621 shares of the company’s stock worth $291,000 after acquiring an additional 5,901 shares during the period.
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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