Smart Sand Inc (NASDAQ:SND) has received an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.18.
Several research analysts have commented on the company. ValuEngine raised Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Seaport Global Securities reaffirmed a “buy” rating on shares of Smart Sand in a research report on Thursday, August 9th. Zacks Investment Research downgraded Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Stifel Nicolaus assumed coverage on Smart Sand in a research report on Monday, September 10th. They issued a “hold” rating and a $5.50 price target on the stock. Finally, Tudor Pickering downgraded Smart Sand from a “buy” rating to a “hold” rating in a research report on Friday, June 8th.
Shares of SND stock opened at $5.00 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Smart Sand has a twelve month low of $4.48 and a twelve month high of $11.06. The company has a market capitalization of $207.59 million, a P/E ratio of 15.63 and a beta of 2.80.
A number of institutional investors have recently bought and sold shares of SND. FMR LLC boosted its stake in Smart Sand by 28.1% in the second quarter. FMR LLC now owns 2,786,228 shares of the company’s stock worth $14,795,000 after purchasing an additional 611,873 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Smart Sand by 268.3% in the second quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock worth $3,862,000 after purchasing an additional 529,904 shares in the last quarter. Signia Capital Management LLC acquired a new position in Smart Sand in the second quarter worth $2,288,000. Russell Investments Group Ltd. boosted its stake in Smart Sand by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 1,898,671 shares of the company’s stock worth $11,051,000 after purchasing an additional 240,872 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Smart Sand in the first quarter worth $778,000. 43.07% of the stock is currently owned by institutional investors.
About Smart Sand
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
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