Shares of Smart Sand Inc (NASDAQ:SND) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.97.

Several equities analysts have commented on the company. ValuEngine upgraded Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Seaport Global Securities reiterated a “buy” rating on shares of Smart Sand in a research report on Thursday, August 9th. Zacks Investment Research downgraded Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Jefferies Financial Group downgraded Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 target price for the company. in a research report on Wednesday. Finally, Stifel Nicolaus dropped their target price on Smart Sand from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, October 10th.

Several institutional investors and hedge funds have recently modified their holdings of SND. FMR LLC raised its position in shares of Smart Sand by 28.1% during the second quarter. FMR LLC now owns 2,786,228 shares of the company’s stock worth $14,795,000 after acquiring an additional 611,873 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Smart Sand by 268.3% during the second quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock worth $3,862,000 after acquiring an additional 529,904 shares during the last quarter. Signia Capital Management LLC bought a new position in shares of Smart Sand during the second quarter worth about $2,288,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Smart Sand during the first quarter worth about $778,000. Finally, JPMorgan Chase & Co. raised its position in shares of Smart Sand by 2,356.2% during the first quarter. JPMorgan Chase & Co. now owns 115,860 shares of the company’s stock worth $675,000 after acquiring an additional 111,143 shares during the last quarter. Institutional investors own 43.07% of the company’s stock.

Shares of SND stock opened at $2.95 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. Smart Sand has a twelve month low of $2.87 and a twelve month high of $11.06. The firm has a market cap of $128.75 million, a P/E ratio of 6.19 and a beta of 2.86.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $54.40 million during the quarter, compared to the consensus estimate of $52.43 million. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. Smart Sand’s revenue for the quarter was up 82.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. On average, research analysts expect that Smart Sand will post 0.89 earnings per share for the current fiscal year.

About Smart Sand

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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Analyst Recommendations for Smart Sand (NASDAQ:SND)

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