Zacks Investment Research upgraded shares of Fairmount Santrol (NYSE:FMSA) from a sell rating to a hold rating in a report issued on Tuesday morning.
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. “
Several other research analysts have also weighed in on the company. TheStreet upgraded Fairmount Santrol from a d+ rating to a c- rating in a research report on Tuesday, November 21st. Howard Weil lowered Fairmount Santrol from a sector outperform rating to a sector perform rating in a research report on Friday, January 12th. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a buy rating in a research report on Wednesday, October 18th. B. Riley reiterated a hold rating and issued a $6.00 price objective on shares of Fairmount Santrol in a research report on Wednesday, December 13th. Finally, BidaskClub lowered Fairmount Santrol from a buy rating to a hold rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $5.95.
Shares of Fairmount Santrol (FMSA) opened at $5.10 on Tuesday. Fairmount Santrol has a fifty-two week low of $2.46 and a fifty-two week high of $13.02. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. The company has a market capitalization of $1,120.46, a P/E ratio of 85.00 and a beta of 2.05.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in shares of Fairmount Santrol during the third quarter worth $101,000. GSA Capital Partners LLP boosted its position in shares of Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after buying an additional 10,726 shares during the period. Principal Financial Group Inc. boosted its position in shares of Fairmount Santrol by 183.3% during the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after buying an additional 20,128 shares during the period. Ferris Capital LLC purchased a new position in shares of Fairmount Santrol during the fourth quarter worth $126,000. Finally, NEXT Financial Group Inc boosted its position in shares of Fairmount Santrol by 86.2% during the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after buying an additional 11,200 shares during the period. Institutional investors and hedge funds own 73.45% of the company’s stock.
About Fairmount Santrol
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.
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