Zacks Investment Research upgraded shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) from a sell rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio. “

Other equities analysts have also issued reports about the company. Royal Bank Of Canada reaffirmed a buy rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) lowered Fairmount Santrol Holdings from a neutral rating to a sell rating and decreased their price target for the company from $11.00 to $2.00 in a research note on Thursday, July 20th. BidaskClub raised Fairmount Santrol Holdings from a strong sell rating to a sell rating in a research note on Monday, July 31st. Cowen and Company set a $6.00 price target on Fairmount Santrol Holdings and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $4.50 price target on shares of Fairmount Santrol Holdings in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $7.11.

Fairmount Santrol Holdings (NYSE FMSA) opened at $4.66 on Tuesday. The company has a debt-to-equity ratio of 3.05, a current ratio of 3.29 and a quick ratio of 2.75. The stock has a market capitalization of $1,040.00, a P/E ratio of 117.38 and a beta of 2.06. Fairmount Santrol Holdings has a fifty-two week low of $2.46 and a fifty-two week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $280.05 million during the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.24% and a net margin of 1.69%. The firm’s quarterly revenue was up 107.8% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. analysts anticipate that Fairmount Santrol Holdings will post 0.27 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texan Capital Management lifted its holdings in shares of Fairmount Santrol Holdings by 16.3% in the second quarter. Texan Capital Management now owns 50,085 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 7,020 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Fairmount Santrol Holdings by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock valued at $669,000 after purchasing an additional 7,472 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Fairmount Santrol Holdings by 8.0% in the first quarter. AQR Capital Management LLC now owns 129,611 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 9,653 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Fairmount Santrol Holdings by 28.1% in the second quarter. Legal & General Group Plc now owns 47,817 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 10,494 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Fairmount Santrol Holdings by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 12,400 shares in the last quarter. Institutional investors own 83.86% of the company’s stock.

Fairmount Santrol Holdings 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 Holdings (NYSE:FMSA)

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