Smart Sand (SND) Earning Somewhat Positive News Coverage, Analysis Finds
News articles about Smart Sand (NYSE:SND) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Smart Sand earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.0696150216382 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- FY2018 EPS Estimates for Smart Sand Inc Reduced by Analyst (SND) (americanbankingnews.com)
- Robert Kiszka Purchases 10,000 Shares of Smart Sand Inc (SND) Stock (americanbankingnews.com)
- Jefferies Group Comments on Smart Sand Inc’s Q3 2017 Earnings (SND) (americanbankingnews.com)
- Jefferies Group LLC Reiterates “$7.00” Price Target for Smart Sand Inc (SND) (americanbankingnews.com)
Shares of Smart Sand (NYSE SND) opened at 5.97 on Friday. The firm has a market cap of $241.02 million and a P/E ratio of 12.57. The firm has a 50-day moving average price of $6.09 and a 200 day moving average price of $11.05. Smart Sand has a one year low of $4.81 and a one year high of $21.99.
Smart Sand (NYSE:SND) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The business had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.88 million. Smart Sand had a return on equity of 6.22% and a net margin of 8.81%. The business’s quarterly revenue was up 250.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, analysts forecast that Smart Sand will post $0.30 earnings per share for the current fiscal year.
Several brokerages have recently commented on SND. Janney Montgomery Scott began coverage on Smart Sand in a research note on Thursday, June 15th. They set a “buy” rating and a $13.00 price target on the stock. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “sell” rating in a research note on Thursday, July 13th. Deutsche Bank AG restated a “buy” rating and set a $18.00 price target (down previously from $21.00) on shares of Smart Sand in a research note on Tuesday, May 30th. Piper Jaffray Companies restated a “buy” rating on shares of Smart Sand in a research note on Monday, August 14th. Finally, Evercore ISI began coverage on Smart Sand in a research note on Thursday, May 25th. They set an “in-line” rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Smart Sand presently has a consensus rating of “Buy” and an average target price of $14.15.
In other Smart Sand news, CFO Lee E. Beckelman acquired 20,000 shares of Smart Sand stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $5.13 per share, for a total transaction of $102,600.00. Following the completion of the transaction, the chief financial officer now owns 137,500 shares in the company, valued at approximately $705,375. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Edwin Young acquired 100,000 shares of Smart Sand stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $5.18 per share, with a total value of $518,000.00. Following the completion of the transaction, the chief executive officer now owns 140,600 shares of the company’s stock, valued at approximately $728,308. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 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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