Somewhat Positive Media Coverage Somewhat Unlikely to Impact Smart Sand (SND) Stock Price

News articles about Smart Sand (NYSE:SND) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Smart Sand earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7439495445355 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

SND has been the subject of several recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $18.00 price target (down previously from $21.00) on shares of Smart Sand in a research report on Tuesday, May 30th. Jefferies Group LLC set a $20.00 price objective on shares of Smart Sand and gave the company a “buy” rating in a report on Sunday, May 14th. Zacks Investment Research lowered shares of Smart Sand from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Credit Suisse Group lowered shares of Smart Sand from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $8.50 in a report on Thursday, July 20th. Finally, Janney Montgomery Scott assumed coverage on shares of Smart Sand in a report on Thursday, June 15th. They issued a “buy” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.95.

Shares of Smart Sand (NYSE:SND) traded up 6.37% during midday trading on Friday, hitting $6.35. 635,239 shares of the stock were exchanged. The firm has a 50 day moving average of $7.63 and a 200 day moving average of $12.87. Smart Sand has a 12-month low of $5.90 and a 12-month high of $21.99. The firm has a market cap of $256.16 million and a P/E ratio of 16.80.

Smart Sand (NYSE:SND) last announced its earnings results on Thursday, May 11th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.03. The firm had revenue of $25 million during the quarter, compared to analysts’ expectations of $18.13 million. Smart Sand had a net margin of 3.87% and a return on equity of 2.51%. The business’s revenue was up 140.4% compared to the same quarter last year. Equities analysts forecast that Smart Sand will post $0.43 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was published by [[site]] and is the property of of [[site]]. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at [[permalink]].

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.