Jefferies Group Analysts Lower Earnings Estimates for Smart Sand Inc (SND)
Smart Sand Inc (NYSE:SND) – Equities researchers at Jefferies Group cut their Q3 2017 EPS estimates for shares of Smart Sand in a report released on Monday. Jefferies Group analyst B. Handler now forecasts that the company will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.14. Jefferies Group has a “Buy” rating and a $7.00 price target on the stock. Jefferies Group also issued estimates for Smart Sand’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.29 EPS.
Several other equities analysts also recently commented on SND. Zacks Investment Research upgraded shares of Smart Sand from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, May 24th. Evercore ISI started coverage on shares of Smart Sand in a research note on Thursday, May 25th. They issued an “in-line” rating and a $12.00 price target for the company. Deutsche Bank AG restated a “buy” rating and issued a $18.00 price target (down previously from $21.00) on shares of Smart Sand in a research note on Tuesday, May 30th. Janney Montgomery Scott started coverage on shares of Smart Sand in a research note on Thursday, June 15th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Credit Suisse Group downgraded shares of Smart Sand from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $8.50 in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.15.
Smart Sand (SND) opened at 5.99 on Tuesday. Smart Sand has a 1-year low of $4.81 and a 1-year high of $21.99. The stock has a market cap of $241.83 million and a PE ratio of 12.61. The stock has a 50 day moving average price of $6.23 and a 200-day moving average price of $11.39.
Smart Sand (NYSE:SND) last released its earnings results on Thursday, August 10th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $29.79 million during the quarter, compared to analysts’ expectations of $29.88 million. Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. The company’s revenue for the quarter was up 250.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) EPS.
Several large investors have recently added to or reduced their stakes in SND. Royal Bank of Canada boosted its stake in Smart Sand by 1,651.3% in the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after buying an additional 10,783 shares during the period. American International Group Inc. purchased a new stake in Smart Sand during the first quarter valued at about $116,000. Nationwide Fund Advisors boosted its stake in Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock valued at $117,000 after buying an additional 1,597 shares during the period. Wall Street Access Asset Management LLC boosted its stake in Smart Sand by 19.6% in the second quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after buying an additional 2,705 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in Smart Sand during the first quarter valued at about $156,000.
In other news, CFO Lee E. Beckelman acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $5.13 per share, with a total value of $102,600.00. Following the transaction, the chief financial officer now owns 137,500 shares in the company, valued at $705,375. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert Kiszka acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the vice president now owns 110,629 shares in the company, valued at approximately $611,778.37. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 132,000 shares of company stock valued at $685,960.
Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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