Media stories about Smart Sand (NYSE:SND) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Smart Sand earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.6795323795829 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Smart Sand Inc : Investor Network: Smart Sand, Inc. to Host Earnings Call (4-traders.com)
- Smart Sand’s (SND) CEO Charles Young on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Smart Sand Inc (SND) Issues Quarterly Earnings Results (americanbankingnews.com)
- Smart Sand, Inc. Announces Second Quarter 2017 Results (finance.yahoo.com)
Shares of Smart Sand (NYSE SND) traded down 1.35% on Friday, reaching $5.12. The company had a trading volume of 1,246,367 shares. The company has a 50-day moving average price of $7.09 and a 200-day moving average price of $12.27. The firm has a market cap of $206.54 million and a P/E ratio of 13.54. Smart Sand has a one year low of $5.01 and a one year high of $21.99.
Smart Sand (NYSE:SND) last issued its earnings results on Thursday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $29.79 million for the quarter, compared to the consensus estimate of $29.88 million. Smart Sand had a net margin of 3.87% and a return on equity of 2.51%. The company’s revenue was up 250.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) EPS. On average, analysts expect that Smart Sand will post $0.42 earnings per share for the current fiscal year.
Several research firms recently issued reports on SND. Credit Suisse Group lowered Smart Sand from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $8.50 in a research report on Thursday, July 20th. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $15.00 target price (down from $20.00) on shares of Smart Sand in a research report on Monday, June 26th. Janney Montgomery Scott assumed coverage on Smart Sand in a research report on Thursday, June 15th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $18.00 target price (down from $21.00) on shares of Smart Sand in a research report on Tuesday, May 30th. 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 has an average rating of “Buy” and a consensus target price of $14.95.
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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