Smart Sand (NASDAQ:SND) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Monday.

A number of other research analysts have also recently commented on SND. Seaport Global Securities reiterated a “buy” rating on shares of Smart Sand in a report on Thursday, August 9th. Zacks Investment Research cut Smart Sand from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Stifel Nicolaus assumed coverage on Smart Sand in a report on Monday, September 10th. They issued a “hold” rating and a $5.50 price objective on the stock. Tudor Pickering cut Smart Sand from a “buy” rating to a “hold” rating in a 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 on the stock. in a report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Smart Sand presently has a consensus rating of “Hold” and a consensus target price of $9.97.

SND stock opened at $4.94 on Monday. Smart Sand has a 1 year low of $4.48 and a 1 year high of $11.06. The company has a market capitalization of $207.59 million, a PE ratio of 15.69 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 released its quarterly earnings data on Thursday, August 9th. The company reported $0.25 EPS for the quarter, beating 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 firm had revenue of $54.40 million for the quarter, compared to analysts’ expectations of $52.43 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 82.6% on a year-over-year basis. equities research analysts predict that Smart Sand will post 0.95 EPS for the current fiscal year.

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