Piper Jaffray Companies reaffirmed their buy rating on shares of Smart Sand Inc (NYSE:SND) in a report issued on Monday morning.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Smart Sand from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Wednesday, May 24th. Jefferies Group LLC set a $20.00 price objective on shares of Smart Sand and gave the stock a buy rating in a report on Sunday, May 14th. Deutsche Bank AG restated a buy rating and set a $18.00 price objective (down previously from $21.00) on shares of Smart Sand in a report on Tuesday, May 30th. Janney Montgomery Scott started coverage on shares of Smart Sand in a research note on Thursday, June 15th. They issued a buy rating and a $13.00 target price on the stock. Finally, Evercore ISI started coverage on shares of Smart Sand in a research note on Thursday, May 25th. They issued an in-line rating and a $12.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $14.95.
Smart Sand (NYSE:SND) traded down 2.16% during trading on Monday, reaching $4.99. The company had a trading volume of 350,336 shares. The stock has a market cap of $201.30 million and a P/E ratio of 13.20. Smart Sand has a 12-month low of $4.81 and a 12-month high of $21.99. The firm has a 50-day moving average price of $7.02 and a 200 day moving average price of $12.09.
Smart Sand (NYSE:SND) last released its earnings results on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.88 million. Smart Sand had a return on equity of 6.22% and a net margin of 8.81%. The firm’s revenue was up 250.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Equities research analysts predict that Smart Sand will post $0.38 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. bought a new position in shares of Smart Sand during the first quarter worth about $116,000. Nationwide Fund Advisors raised its position in shares of Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after buying an additional 1,597 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Smart Sand during the first quarter worth about $156,000. Quantbot Technologies LP bought a new position in shares of Smart Sand during the first quarter worth about $167,000. Finally, Royal Bank of Canada raised its position in shares of Smart Sand by 1,651.3% in the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after buying an additional 10,783 shares during the last quarter.
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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