A number of firms have modified their ratings and price targets on shares of Smart Sand (NYSE: SND) recently:

  • 10/18/2017 – Smart Sand was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/13/2017 – Smart Sand had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $8.15 price target on the stock, up previously from $7.75.
  • 10/11/2017 – Smart Sand was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Smart Sand, Inc. is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. Smart Sand, Inc. is headquartered in the Woodlands, Texas. “
  • 10/10/2017 – Smart Sand is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $9.00 price target on the stock.
  • 10/5/2017 – Smart Sand was given a new $7.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 9/26/2017 – Smart Sand was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/21/2017 – Smart Sand had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 9/14/2017 – Smart Sand was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/9/2017 – Smart Sand was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Smart Sand, Inc. is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. Smart Sand, Inc. is headquartered in the Woodlands, Texas. “
  • 8/28/2017 – Smart Sand was given a new $7.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.

Smart Sand Inc (NYSE:SND) opened at 6.61 on Monday. The stock has a market cap of $266.86 million and a P/E ratio of 13.92. Smart Sand Inc has a 52 week low of $4.81 and a 52 week high of $21.99. The company has a 50-day moving average of $6.82 and a 200-day moving average of $6.82.

Smart Sand (NYSE:SND) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Smart Sand had a return on equity of 6.22% and a net margin of 8.81%. The company had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.88 million. During the same period in the previous year, the business posted ($0.11) EPS. The firm’s quarterly revenue was up 250.9% compared to the same quarter last year. On average, analysts predict that Smart Sand Inc will post $0.32 EPS for the current fiscal year.

In other news, CEO Charles Edwin Young acquired 100,000 shares of Smart Sand stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $5.18 per share, for a total transaction of $518,000.00. Following the completion of the purchase, the chief executive officer now directly owns 140,600 shares of the company’s stock, valued at approximately $728,308. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert Kiszka acquired 10,000 shares of Smart Sand stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $5.53 per share, for a total transaction of $55,300.00. Following the completion of the purchase, the vice president now directly owns 110,629 shares of the company’s stock, valued at $611,778.37. The disclosure for this purchase can be found here. Insiders have bought 132,000 shares of company stock valued at $685,960 in the last three months.

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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