Smart Sand Inc (NASDAQ:SND) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $7.00.
Several equities research analysts have recently weighed in on SND shares. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research report on Wednesday, January 2nd. B. Riley started coverage on Smart Sand in a research report on Tuesday, March 19th. They issued a “hold” rating and a $5.00 target price for the company. Jefferies Financial Group reaffirmed a “sell” rating on shares of Smart Sand in a research report on Tuesday, April 2nd. Finally, ValuEngine downgraded Smart Sand from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 4th.
SND stock traded up $0.05 during midday trading on Wednesday, hitting $4.01. 12,371 shares of the stock were exchanged, compared to its average volume of 480,444. The stock has a market cap of $162.40 million, a PE ratio of 4.95 and a beta of 3.21. Smart Sand has a fifty-two week low of $1.92 and a fifty-two week high of $8.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.28 and a current ratio of 2.03.
Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.20. Smart Sand had a return on equity of 16.00% and a net margin of 8.80%. The firm had revenue of $52.20 million during the quarter, compared to analysts’ expectations of $48.33 million. During the same period in the previous year, the firm posted $0.27 earnings per share. Smart Sand’s revenue was up 21.4% on a year-over-year basis. As a group, equities research analysts predict that Smart Sand will post 0.55 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Smart Sand by 24.3% in the fourth quarter. Geode Capital Management LLC now owns 291,187 shares of the company’s stock valued at $646,000 after purchasing an additional 56,914 shares during the last quarter. Wall Street Access Asset Management LLC boosted its holdings in Smart Sand by 25.2% in the fourth quarter. Wall Street Access Asset Management LLC now owns 32,185 shares of the company’s stock valued at $71,000 after purchasing an additional 6,485 shares during the last quarter. Jane Street Group LLC purchased a new position in Smart Sand in the fourth quarter valued at about $30,000. Municipal Employees Retirement System of Michigan purchased a new position in Smart Sand in the fourth quarter valued at about $177,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in Smart Sand in the fourth quarter valued at about $26,000. 37.44% of the stock is owned by institutional investors.
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.
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