Piper Jaffray Companies reaffirmed their overweight rating on shares of Smart Sand Inc (NYSE:SND) in a research report released on Friday. The brokerage currently has a $8.15 price target on the stock, up from their previous price target of $7.75.

Several other analysts have also weighed in on SND. Janney Montgomery Scott initiated coverage on shares of Smart Sand in a research note on Thursday, June 15th. They issued a buy rating and a $13.00 price objective for the company. Jefferies Group LLC reiterated a buy rating and issued a $15.00 price objective (down previously from $20.00) on shares of Smart Sand in a research note on Monday, June 26th. Zacks Investment Research lowered shares of Smart Sand from a buy rating to a sell rating in a research note on Thursday, July 13th. Credit Suisse Group lowered shares of Smart Sand from an outperform rating to a neutral rating and lowered their price objective for the company from $20.00 to $8.50 in a research note on Thursday, July 20th. Finally, BidaskClub upgraded shares of Smart Sand from a sell rating to a hold rating in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Smart Sand presently has an average rating of Buy and an average price target of $13.07.

Shares of Smart Sand (SND) opened at 6.81 on Friday. The company has a market cap of $274.93 million and a P/E ratio of 14.34. Smart Sand has a 12 month low of $4.81 and a 12 month high of $21.99. The stock’s 50 day moving average is $6.85 and its 200 day moving average is $6.85.

Smart Sand (NYSE:SND) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $29.79 million during the quarter, compared to the consensus estimate of $29.88 million. Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. The business’s revenue was up 250.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. On average, analysts anticipate that Smart Sand will post $0.32 EPS for the current fiscal year.

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In other Smart Sand news, CEO Charles Edwin Young purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $5.18 per share, for a total transaction of $518,000.00. Following the purchase, the chief executive officer now owns 140,600 shares of the company’s stock, valued at approximately $728,308. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Kiszka purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $5.53 per share, with a total value of $55,300.00. Following the purchase, the vice president now directly owns 110,629 shares in the company, valued at approximately $611,778.37. The disclosure for this purchase can be found here. Insiders have acquired a total of 132,000 shares of company stock valued at $685,960 in the last 90 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. purchased a new position in Smart Sand during the 1st quarter worth $116,000. Nationwide Fund Advisors boosted its holdings in Smart Sand by 28.6% during the 1st quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after acquiring an additional 1,597 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Smart Sand during the 1st quarter worth $156,000. Royal Bank of Canada boosted its holdings in Smart Sand by 1,651.3% during the 2nd quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after acquiring an additional 10,783 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Smart Sand by 472.6% during the 1st quarter. UBS Group AG now owns 12,826 shares of the company’s stock worth $209,000 after acquiring an additional 10,586 shares during the last quarter.

About Smart Sand

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.

Analyst Recommendations for Smart Sand (NYSE:SND)

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