Smart Sand Inc (NASDAQ:SND) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.46.
SND has been the subject of several recent analyst reports. Deutsche Bank reduced their price objective on shares of Smart Sand from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, March 19th. Zacks Investment Research upgraded shares of Smart Sand from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a research report on Thursday, February 22nd. Credit Suisse Group reiterated a “neutral” rating and issued a $6.75 price target (down previously from $9.00) on shares of Smart Sand in a research report on Friday, March 16th. BidaskClub upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Finally, ValuEngine downgraded shares of Smart Sand from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd.
In other news, CEO Charles Edwin Young acquired 30,000 shares of the company’s stock in a transaction on Tuesday, May 29th. The shares were bought at an average cost of $6.08 per share, with a total value of $182,400.00. Following the purchase, the chief executive officer now owns 253,906 shares of the company’s stock, valued at approximately $1,543,748.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lee E. Beckelman acquired 7,600 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was purchased at an average cost of $6.64 per share, for a total transaction of $50,464.00. Following the completion of the purchase, the chief financial officer now directly owns 184,867 shares in the company, valued at approximately $1,227,516.88. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 52,600 shares of company stock valued at $331,864. 46.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Smart Sand in the 1st quarter valued at $778,000. A.R.T. Advisors LLC acquired a new position in Smart Sand in the 1st quarter valued at $155,000. Russell Investments Group Ltd. increased its stake in Smart Sand by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,898,671 shares of the company’s stock valued at $11,051,000 after buying an additional 240,872 shares during the period. Dimensional Fund Advisors LP acquired a new position in Smart Sand in the 1st quarter valued at $1,149,000. Finally, New York State Common Retirement Fund grew its stake in shares of Smart Sand by 267.4% during the 1st quarter. New York State Common Retirement Fund now owns 65,756 shares of the company’s stock worth $383,000 after purchasing an additional 47,856 shares during the period. 46.16% of the stock is currently owned by institutional investors.
Shares of NASDAQ:SND traded down $0.03 during trading on Thursday, hitting $5.75. 974,300 shares of the company were exchanged, compared to its average volume of 922,646. The company has a market capitalization of $237.10 million, a PE ratio of 17.97 and a beta of 2.85. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. Smart Sand has a 12-month low of $4.81 and a 12-month high of $11.06.
Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The company had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $44.56 million. Smart Sand had a return on equity of 7.13% and a net margin of 13.91%. The firm’s quarterly revenue was up 70.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. equities research analysts predict that Smart Sand will post 0.98 EPS for the current fiscal year.
Smart Sand Company Profile
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
Receive News & Ratings for Smart Sand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Sand and related companies with MarketBeat.com's FREE daily email newsletter.