Jefferies Financial Group cut shares of Smart Sand (NASDAQ:SND) from a hold rating to an underperform rating in a report issued on Wednesday, MarketBeat reports. Jefferies Financial Group currently has $3.00 price objective on the stock. Jefferies Financial Group also issued estimates for Smart Sand’s Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.70 EPS and FY2020 earnings at $0.45 EPS.

A number of other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reduced their price objective on Smart Sand from $5.50 to $5.00 and set a hold rating for the company in a report on Wednesday, October 10th. ValuEngine cut Smart Sand from a sell rating to a strong sell rating in a report on Monday, September 24th. Zacks Investment Research cut Smart Sand from a buy rating to a hold rating in a report on Tuesday, August 14th. Finally, Seaport Global Securities restated a buy rating on shares of Smart Sand in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.69.

Shares of NASDAQ:SND opened at $2.95 on Wednesday. Smart Sand has a 12-month low of $2.87 and a 12-month high of $11.06. The company has a market cap of $128.75 million, a PE ratio of 6.19 and a beta of 2.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.19.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $52.43 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue was up 82.6% on a year-over-year basis. As a group, sell-side analysts predict that Smart Sand will post 0.89 earnings per share for the current fiscal year.

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

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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