BidaskClub upgraded shares of Smart Sand (NASDAQ:SND) from a hold rating to a buy rating in a research report report published on Thursday morning.

Several other equities research analysts have also weighed in on SND. Seaport Global Securities assumed coverage on Smart Sand in a report on Friday, December 8th. They issued a buy rating and a $15.00 price objective for the company. Piper Jaffray Companies reissued a buy rating on shares of Smart Sand in a report on Thursday, September 21st. Zacks Investment Research raised Smart Sand from a sell rating to a hold rating in a report on Saturday, September 9th. Jefferies Group set a $7.00 price objective on Smart Sand and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Credit Suisse Group lifted their target price on Smart Sand from $5.50 to $8.50 and gave the company a neutral rating in a report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $13.00.

Shares of Smart Sand (NASDAQ:SND) opened at $9.14 on Thursday. Smart Sand has a twelve month low of $4.81 and a twelve month high of $21.99. The firm has a market capitalization of $369.19 and a PE ratio of 13.64.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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 EPS. The firm’s revenue for the quarter was up 259.8% on a year-over-year basis. analysts anticipate that Smart Sand will post 0.4 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Eagle Asset Management Inc. grew its holdings in shares of Smart Sand by 46.8% during the second quarter. Eagle Asset Management Inc. now owns 1,107,980 shares of the company’s stock worth $9,872,000 after purchasing an additional 353,021 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Smart Sand during the second quarter worth about $1,249,000. Vanguard Group Inc. grew its holdings in shares of Smart Sand by 113.5% during the first quarter. Vanguard Group Inc. now owns 756,457 shares of the company’s stock worth $12,292,000 after purchasing an additional 402,123 shares in the last quarter. Morgan Stanley grew its holdings in shares of Smart Sand by 176.7% during the first quarter. Morgan Stanley now owns 105,869 shares of the company’s stock worth $1,720,000 after purchasing an additional 67,604 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Smart Sand by 73.3% during the second quarter. Russell Investments Group Ltd. now owns 251,325 shares of the company’s stock worth $2,239,000 after purchasing an additional 106,322 shares in the last quarter. 49.61% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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