Shares of Smart Sand Inc (NASDAQ:SND) have earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.00.
SND has been the subject of a number of analyst reports. Jefferies Group set a $7.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a research note on Monday, August 28th. Piper Jaffray Companies set a $10.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a research note on Sunday, November 12th. Deutsche Bank initiated coverage on shares of Smart Sand in a research note on Tuesday, October 10th. They set a “buy” rating and a $9.00 target price for the company. BidaskClub raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Friday, November 17th.
Smart Sand (SND) traded up $0.09 during mid-day trading on Thursday, hitting $8.52. 875,055 shares of the stock traded hands, compared to its average volume of 734,131. The company has a market capitalization of $356.27 and a P/E ratio of 13.16. Smart Sand has a 12-month low of $4.81 and a 12-month high of $21.99.
Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm had revenue of $39.33 million during the quarter, compared to the consensus estimate of $33.60 million. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. The company’s revenue for the quarter was up 259.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. equities research analysts anticipate that Smart Sand will post 0.4 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY bought a new stake in Smart Sand in the first quarter valued at $156,000. Royal Bank of Canada increased its stake in Smart Sand by 1,651.3% in the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after purchasing an additional 10,783 shares in the last quarter. Wall Street Access Asset Management LLC increased its stake 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 valued at $147,000 after purchasing an additional 2,705 shares in the last quarter. Credit Suisse AG increased its stake in 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. Finally, SG Americas Securities LLC bought a new stake in Smart Sand in the third quarter valued at $128,000. 49.52% of the stock is owned by hedge funds and other institutional investors.
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Smart Sand Company Profile
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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