Fairmount Santrol (NYSE:FMSA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $6.02, but opened at $6.16. Fairmount Santrol shares last traded at $6.25, with a volume of 2023902 shares traded.
Several equities research analysts recently weighed in on FMSA shares. B. Riley upped their price objective on shares of Fairmount Santrol to $5.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 8th. Barclays reissued a “hold” rating and set a $6.00 target price on shares of Fairmount Santrol in a research report on Sunday, May 6th. Cowen increased their target price on shares of Fairmount Santrol from $6.00 to $6.50 and gave the company an “outperform” rating in a research report on Friday, May 4th. Piper Jaffray set a $6.00 target price on shares of Fairmount Santrol and gave the company a “buy” rating in a research report on Wednesday, March 14th. Finally, Credit Suisse Group decreased their target price on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. Fairmount Santrol currently has a consensus rating of “Hold” and a consensus price target of $6.01.
The stock has a market capitalization of $1.37 billion, a P/E ratio of 26.04 and a beta of 2.13. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.73 and a current ratio of 2.14.
Fairmount Santrol (NYSE:FMSA) last announced its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $273.34 million during the quarter, compared to the consensus estimate of $270.29 million. Fairmount Santrol had a net margin of 8.89% and a return on equity of 34.28%. The company’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. equities research analysts predict that Fairmount Santrol will post 0.7 earnings per share for the current year.
In other news, EVP Gerald L. Clancey sold 10,477 shares of Fairmount Santrol stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.49, for a total transaction of $47,041.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jenniffer D. Deckard sold 6,450 shares of Fairmount Santrol stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $4.46, for a total value of $28,767.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 56,600 shares of company stock valued at $240,570 and have sold 28,626 shares valued at $128,051. 9.80% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Fairmount Santrol by 61.3% during the 1st quarter. LPL Financial LLC now owns 24,201 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 9,196 shares during the last quarter. GSA Capital Partners LLP increased its position in Fairmount Santrol by 92.3% in 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 in the last quarter. NEXT Financial Group Inc increased its position in Fairmount Santrol by 86.2% in 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 in the last quarter. Swiss National Bank increased its position in Fairmount Santrol by 5.1% in the first quarter. Swiss National Bank now owns 273,100 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 13,200 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Fairmount Santrol by 99.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,300 shares of the industrial products company’s stock worth $143,000 after buying an additional 13,600 shares in the last quarter. Hedge funds and other institutional investors own 74.23% of the company’s stock.
Fairmount Santrol Company Profile
Fairmount Santrol Holdings Inc, together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe.
Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.