Fairmount Santrol Holdings Inc. (FMSA) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) from a hold rating to a sell rating in a research note published on Tuesday.

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. “

A number of other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Fairmount Santrol Holdings from a buy rating to a hold rating in a research report on Tuesday. Wells Fargo & Company downgraded shares of Fairmount Santrol Holdings from an outperform rating to a market perform rating in a research report on Monday. Citigroup Inc. raised their target price on shares of Fairmount Santrol Holdings from $4.25 to $6.00 and gave the company a buy rating in a research report on Thursday, October 5th. KeyCorp reaffirmed an overweight rating and issued a $6.50 target price on shares of Fairmount Santrol Holdings in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC decreased their target price on shares of Fairmount Santrol Holdings from $8.00 to $5.00 and set a buy rating for the company in a research report on Monday, August 28th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Fairmount Santrol Holdings presently has a consensus rating of Hold and a consensus price target of $6.79.

Fairmount Santrol Holdings (FMSA) traded down 1.965% during midday trading on Tuesday, hitting $3.941. 2,050,947 shares of the company traded hands. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $4.30. The firm’s market capitalization is $883.10 million. Fairmount Santrol Holdings has a 12-month low of $2.47 and a 12-month high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $233.20 million during the quarter, compared to the consensus estimate of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. The firm’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.54) earnings per share. Analysts anticipate that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Fairmount Santrol Holdings Inc. (FMSA) Lowered to “Sell” at Zacks Investment Research” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/fairmount-santrol-holdings-inc-fmsa-lowered-to-sell-at-zacks-investment-research.html.

Hedge funds have recently made changes to their positions in the business. 1060 Capital LLC acquired a new stake in Fairmount Santrol Holdings in the second quarter valued at $3,914,000. Elliott Management Corp acquired a new stake in Fairmount Santrol Holdings in the second quarter valued at $18,720,000. JPMorgan Chase & Co. lifted its stake in Fairmount Santrol Holdings by 58.5% in the second quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock valued at $2,687,000 after acquiring an additional 254,303 shares during the last quarter. Vanguard Group Inc. lifted its stake in Fairmount Santrol Holdings by 3.2% in the first quarter. Vanguard Group Inc. now owns 12,132,400 shares of the industrial products company’s stock valued at $88,930,000 after acquiring an additional 370,651 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Fairmount Santrol Holdings by 1,333.9% in the first quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock valued at $3,251,000 after acquiring an additional 412,604 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

About Fairmount Santrol Holdings

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 frac

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. “

A number of other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Fairmount Santrol Holdings from a buy rating to a hold rating in a research report on Tuesday. Wells Fargo & Company downgraded shares of Fairmount Santrol Holdings from an outperform rating to a market perform rating in a research report on Monday. Citigroup Inc. raised their target price on shares of Fairmount Santrol Holdings from $4.25 to $6.00 and gave the company a buy rating in a research report on Thursday, October 5th. KeyCorp reaffirmed an overweight rating and issued a $6.50 target price on shares of Fairmount Santrol Holdings in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC decreased their target price on shares of Fairmount Santrol Holdings from $8.00 to $5.00 and set a buy rating for the company in a research report on Monday, August 28th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Fairmount Santrol Holdings presently has a consensus rating of Hold and a consensus price target of $6.79.

Fairmount Santrol Holdings (FMSA) traded down 1.965% during midday trading on Tuesday, hitting $3.941. 2,050,947 shares of the company traded hands. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $4.30. The firm’s market capitalization is $883.10 million. Fairmount Santrol Holdings has a 12-month low of $2.47 and a 12-month high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $233.20 million during the quarter, compared to the consensus estimate of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. The firm’s revenue for the quarter was up 104.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.54) earnings per share. Analysts anticipate that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Fairmount Santrol Holdings Inc. (FMSA) Lowered to “Sell” at Zacks Investment Research” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/fairmount-santrol-holdings-inc-fmsa-lowered-to-sell-at-zacks-investment-research.html.

Hedge funds have recently made changes to their positions in the business. 1060 Capital LLC acquired a new stake in Fairmount Santrol Holdings in the second quarter valued at $3,914,000. Elliott Management Corp acquired a new stake in Fairmount Santrol Holdings in the second quarter valued at $18,720,000. JPMorgan Chase & Co. lifted its stake in Fairmount Santrol Holdings by 58.5% in the second quarter. JPMorgan Chase & Co. now owns 689,224 shares of the industrial products company’s stock valued at $2,687,000 after acquiring an additional 254,303 shares during the last quarter. Vanguard Group Inc. lifted its stake in Fairmount Santrol Holdings by 3.2% in the first quarter. Vanguard Group Inc. now owns 12,132,400 shares of the industrial products company’s stock valued at $88,930,000 after acquiring an additional 370,651 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Fairmount Santrol Holdings by 1,333.9% in the first quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock valued at $3,251,000 after acquiring an additional 412,604 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

About Fairmount Santrol Holdings

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.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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

Leave a Reply