Johnson Rice Upgrades Smart Sand Inc (SND) to “Buy”
Smart Sand Inc (NDAQ:SND) was upgraded by investment analysts at Johnson Rice from an “accumulate” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $21.00 price objective on the stock, up from their prior price objective of $20.00.
Shares of Smart Sand (NDAQ:SND) opened at 15.92 on Friday. The firm’s 50-day moving average price is $17.10 and its 200-day moving average price is $15.67. The stock has a market capitalization of $353.23 million and a P/E ratio of 1768.89. Smart Sand has a one year low of $10.30 and a one year high of $21.99.
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Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand. The Company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. The Company owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin, at which it has approximately 244 million tons of proven recoverable sand reserves and approximately 92 million tons of probable recoverable sand reserves as of December 31, 2015, respectively.
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