Fairmount Santrol Holdings Inc. (NYSE:FMSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

FMSA has been the topic of several other research reports. Northcoast Research raised shares of Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. KeyCorp reissued an “overweight” rating and issued a $6.50 price target on shares of Fairmount Santrol Holdings in a report on Wednesday, October 4th. BidaskClub raised shares of Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Jefferies Group LLC reduced their target price on shares of Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Finally, Credit Suisse Group downgraded shares of Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $4.00 in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.79.

Fairmount Santrol Holdings (NYSE FMSA) traded down 4.74% on Tuesday, hitting $4.02. 2,396,516 shares of the stock were exchanged. The company’s 50 day moving average is $3.94 and its 200 day moving average is $4.30. Fairmount Santrol Holdings has a 1-year low of $2.46 and a 1-year high of $13.12. The stock’s market cap is $900.80 million.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 104.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.54) EPS. On average, equities research analysts expect that Fairmount Santrol Holdings will post $0.27 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd lifted its position in Fairmount Santrol Holdings by 1,014.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock worth $104,000 after buying an additional 12,974 shares in the last quarter. Paloma Partners Management Co acquired a new position in Fairmount Santrol Holdings during the 1st quarter worth about $168,000. Principal Financial Group Inc. lifted its position in Fairmount Santrol Holdings by 183.3% during the 2nd 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 in the last quarter. BB&T Securities LLC lifted its position in Fairmount Santrol Holdings by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after buying an additional 23,200 shares in the last quarter. Finally, White Pine Capital LLC acquired a new position in Fairmount Santrol Holdings during the 2nd quarter worth about $140,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Fairmount Santrol Holdings Company Profile

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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Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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