Smart Sand (NASDAQ:SND) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday.
Several other equities analysts have also recently issued reports on SND. Seaport Global Securities reissued a “buy” rating on shares of Smart Sand in a report on Thursday, August 9th. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Stifel Nicolaus assumed coverage on Smart Sand in a research note on Monday, September 10th. They issued a “hold” rating and a $5.50 price target for the company. Tudor Pickering lowered Smart Sand from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Finally, Johnson Rice lowered Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.97.
Shares of SND stock opened at $4.94 on Monday. The stock has a market capitalization of $207.59 million, a PE ratio of 15.69 and a beta of 2.80. The company has a quick ratio of 1.19, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. Smart Sand has a 52-week low of $4.48 and a 52-week high of $11.06.
Several institutional investors have recently made changes to their positions in the stock. Hartford Investment Management Co. purchased a new stake in Smart Sand during the 2nd quarter worth approximately $121,000. Mackay Shields LLC purchased a new stake in Smart Sand during the 1st quarter worth approximately $128,000. A.R.T. Advisors LLC purchased a new stake in Smart Sand during the 1st quarter worth approximately $155,000. GSA Capital Partners LLP purchased a new stake in Smart Sand during the 2nd quarter worth approximately $173,000. Finally, New York State Common Retirement Fund increased its stake in Smart Sand by 267.4% during the 1st quarter. New York State Common Retirement Fund now owns 65,756 shares of the company’s stock worth $383,000 after buying an additional 47,856 shares in the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.
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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