Smart Sand Inc (NASDAQ:SND) traded up 1.3% during mid-day trading on Thursday . The stock traded as high as $6.44 and last traded at $5.91. 522,919 shares traded hands during trading, a decline of 39% from the average session volume of 854,095 shares. The stock had previously closed at $5.99.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Smart Sand from a “strong-buy” rating to a “hold” rating in a report on Thursday. Seaport Global Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of Smart Sand in a report on Monday, March 19th. Deutsche Bank cut their price target on Smart Sand from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 19th. 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, BidaskClub downgraded Smart Sand from a “hold” rating to a “sell” rating in a report on Saturday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Smart Sand currently has a consensus rating of “Hold” and a consensus price target of $11.14.
The firm has a market cap of $245.27, a PE ratio of 11.04 and a beta of 3.21.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, March 15th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.09). The firm had revenue of $43.00 million for the quarter, compared to the consensus estimate of $40.96 million. Smart Sand had a return on equity of 7.37% and a net margin of 15.69%. The firm’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. sell-side analysts expect that Smart Sand Inc will post 1.12 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of SND. Russell Investments Group Ltd. increased its position in shares of Smart Sand by 237.3% in the third quarter. Russell Investments Group Ltd. now owns 847,723 shares of the company’s stock worth $5,746,000 after purchasing an additional 596,398 shares during the period. Victory Capital Management Inc. increased its position in shares of Smart Sand by 14.4% in the fourth quarter. Victory Capital Management Inc. now owns 3,667,721 shares of the company’s stock worth $31,762,000 after purchasing an additional 462,453 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Smart Sand in the third quarter worth $3,069,000. Millennium Management LLC increased its position in shares of Smart Sand by 430.2% in the fourth quarter. Millennium Management LLC now owns 490,170 shares of the company’s stock worth $4,245,000 after purchasing an additional 397,720 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Smart Sand by 243.1% in the third quarter. American Century Companies Inc. now owns 480,859 shares of the company’s stock worth $3,260,000 after purchasing an additional 340,688 shares during the period. Hedge funds and other institutional investors own 51.70% of the company’s stock.
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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