Smart Sand Inc (NASDAQ:SND) rose 1.3% on Thursday . The stock traded as high as $6.44 and last traded at $5.91. Approximately 522,919 shares were traded during trading, a decline of 39% from the average daily volume of 854,095 shares. The stock had previously closed at $5.99.

SND has been the subject of several research reports. Deutsche Bank reduced their price objective on Smart Sand from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday. BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research raised Smart Sand from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a research note on Thursday, February 22nd. Credit Suisse Group reissued a “neutral” rating and set a $6.75 price objective (down from $9.00) on shares of Smart Sand in a research note on Friday, March 16th. Finally, Janney Montgomery Scott lowered Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Smart Sand currently has a consensus rating of “Hold” and an average target price of $11.14.

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The company has a market cap of $223.57, a PE ratio of 11.42 and a beta of 3.21.

Smart Sand (NASDAQ:SND) last issued its earnings results on Thursday, March 15th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.09). The business had revenue of $43.00 million during the quarter, compared to analyst estimates of $40.96 million. Smart Sand had a return on equity of 7.37% and a net margin of 15.69%. The business’s quarterly revenue was up 45.8% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. research analysts predict that Smart Sand Inc will post 1.12 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its holdings in shares of Smart Sand by 22.1% during the second quarter. Parametric Portfolio Associates LLC now owns 32,621 shares of the company’s stock worth $291,000 after acquiring an additional 5,901 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Smart Sand by 20.2% during the fourth quarter. Teachers Advisors LLC now owns 37,466 shares of the company’s stock worth $324,000 after acquiring an additional 6,284 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after acquiring an additional 10,783 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Smart Sand by 17.4% during the third quarter. Bank of New York Mellon Corp now owns 90,539 shares of the company’s stock worth $614,000 after acquiring an additional 13,406 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Smart Sand by 1.0% during the fourth quarter. BlackRock Inc. now owns 1,348,156 shares of the company’s stock worth $11,676,000 after acquiring an additional 13,749 shares in the last quarter. 51.70% 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.

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