Smart Sand (NASDAQ:SND) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.82.
A number of equities research analysts have commented on the company. TheStreet cut Smart Sand from a “c-” rating to a “d+” rating in a report on Monday, March 26th. Zacks Investment Research cut Smart Sand from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 10th. BidaskClub cut Smart Sand from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Piper Jaffray Companies set a $10.00 price target on Smart Sand and gave the company a “buy” rating in a report on Friday, March 16th. Finally, Seaport Global Securities restated a “buy” rating and set a $12.00 price objective on shares of Smart Sand in a research report on Monday, March 19th.
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NASDAQ:SND traded down $0.32 on Friday, reaching $6.82. 1,088,318 shares of the company’s stock traded hands, compared to its average volume of 930,265. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 0.08. The stock has a market cap of $282.20 million, a PE ratio of 21.31 and a beta of 3.10. Smart Sand has a 12 month low of $4.81 and a 12 month high of $13.00.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). The business had revenue of $42.60 million for the quarter, compared to the consensus estimate of $44.56 million. Smart Sand had a net margin of 13.91% and a return on equity of 7.13%. Smart Sand’s revenue was up 70.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. sell-side analysts anticipate that Smart Sand will post 0.99 earnings per share for the current fiscal year.
In other news, CFO Lee E. Beckelman acquired 7,600 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was purchased at an average price of $6.64 per share, for a total transaction of $50,464.00. Following the completion of the transaction, the chief financial officer now directly owns 184,867 shares in the company, valued at approximately $1,227,516.88. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Edwin Young purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was bought at an average price of $6.60 per share, with a total value of $99,000.00. Following the transaction, the chief executive officer now owns 223,906 shares of the company’s stock, valued at approximately $1,477,779.60. The disclosure for this purchase can be found here. Company insiders own 46.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SND. Acadian Asset Management LLC purchased a new position in Smart Sand in the fourth quarter worth about $410,000. Fox Run Management L.L.C. purchased a new position in Smart Sand in the fourth quarter worth about $157,000. Mycio Wealth Partners LLC grew its position in Smart Sand by 62.2% in the fourth quarter. Mycio Wealth Partners LLC now owns 36,500 shares of the company’s stock worth $316,000 after acquiring an additional 14,000 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in Smart Sand in the fourth quarter worth about $158,000. Finally, Dupont Capital Management Corp purchased a new position in Smart Sand in the fourth quarter worth about $518,000. Institutional investors own 44.55% of the company’s stock.
Smart Sand Company Profile
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.