Smart Sand (SND) Getting Somewhat Positive Media Coverage, Analysis Shows
Media headlines about Smart Sand (NASDAQ:SND) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Sand earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.6188083588068 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Smart Sand (NASDAQ:SND) opened at $9.26 on Thursday. Smart Sand has a 52 week low of $4.81 and a 52 week high of $21.99. The company has a market capitalization of $374.04 and a price-to-earnings ratio of 13.40.
Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The company had revenue of $39.33 million during the quarter, compared to analyst estimates of $33.60 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 259.8% on a year-over-year basis. analysts predict that Smart Sand will post 0.4 earnings per share for the current fiscal year.
SND has been the subject of a number of analyst reports. Piper Jaffray Companies reissued an “overweight” rating and set a $8.15 price objective (up previously from $7.75) on shares of Smart Sand in a research note on Friday, October 13th. Jefferies Group lowered Smart Sand from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Wednesday, November 15th. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Friday, November 17th. Deutsche Bank initiated coverage on Smart Sand in a research note on Tuesday, October 10th. They set a “buy” rating and a $9.00 price objective for the company. Finally, Credit Suisse Group increased their price objective on Smart Sand from $5.50 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.00.
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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.
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