Fairmount Santrol (NYSE:FMSA) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts also recently weighed in on FMSA. TheStreet raised Fairmount Santrol from a “d+” rating to a “c-” rating in a report on Tuesday, November 21st. BidaskClub upgraded Fairmount Santrol from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research report on Friday, August 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $4.50 price objective on shares of Fairmount Santrol in a research report on Monday, August 7th. Finally, Barclays increased their price objective on Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.31.

Shares of Fairmount Santrol (FMSA) traded up $0.08 during midday trading on Friday, hitting $4.90. The company had a trading volume of 4,880,000 shares, compared to its average volume of 3,867,591. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12. The firm has a market capitalization of $1,098.05, a P/E ratio of 122.50 and a beta of 2.11.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The firm had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. During the same period last year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up 107.8% on a year-over-year basis. research analysts expect that Fairmount Santrol will post 0.28 EPS for the current year.

Several hedge funds have recently made changes to their positions in FMSA. ING Groep NV purchased a new position in shares of Fairmount Santrol in the third quarter valued at $24,846,000. Elliott Management Corp purchased a new position in shares of Fairmount Santrol in the second quarter valued at $18,720,000. Think Investments LP purchased a new position in shares of Fairmount Santrol in the third quarter valued at $17,643,000. State Street Corp increased its position in shares of Fairmount Santrol by 50.9% in the second quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after buying an additional 1,540,859 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in shares of Fairmount Santrol in the second quarter valued at $5,690,000. Institutional investors and hedge funds own 75.49% of the company’s stock.

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Fairmount Santrol 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 (NYSE:FMSA)

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