Shares of Smart Sand Inc (NASDAQ:SND) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.18.

SND has been the subject of several recent analyst reports. Stifel Nicolaus started coverage on Smart Sand in a report on Monday, September 10th. They issued a “hold” rating and a $5.50 price target for the company. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Wednesday, July 25th. ValuEngine raised Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Tudor Pickering cut Smart Sand from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, Johnson Rice cut Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research report on Tuesday, June 26th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in shares of Smart Sand by 3.9% in the first quarter. Wells Fargo & Company MN now owns 516,888 shares of the company’s stock valued at $3,009,000 after buying an additional 19,228 shares during the last quarter. Mackay Shields LLC acquired a new stake in shares of Smart Sand in the first quarter valued at approximately $128,000. American Century Companies Inc. lifted its position in shares of Smart Sand by 1.7% in the first quarter. American Century Companies Inc. now owns 477,572 shares of the company’s stock valued at $2,779,000 after buying an additional 7,838 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Smart Sand by 9.0% in the first quarter. Prudential Financial Inc. now owns 443,780 shares of the company’s stock valued at $2,582,000 after buying an additional 36,790 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Smart Sand by 29.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 97,205 shares of the company’s stock valued at $566,000 after buying an additional 22,012 shares during the last quarter. 43.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Smart Sand stock opened at $5.00 on Friday. Smart Sand has a 1 year low of $4.48 and a 1 year high of $11.06. The stock has a market capitalization of $207.59 million, a price-to-earnings ratio of 15.63 and a beta of 2.80. 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 (NASDAQ:SND) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The company had revenue of $54.40 million during the quarter, compared to the consensus estimate of $52.43 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 82.6% compared to the same quarter last year. research analysts predict that Smart Sand will post 0.95 EPS for the current fiscal year.

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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Analyst Recommendations for Smart Sand (NASDAQ:SND)

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