Smart Sand Inc (NASDAQ:SND) – Jefferies Group raised their Q2 2018 earnings estimates for shares of Smart Sand in a report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst B. Handler now anticipates that the company will earn $0.31 per share for the quarter, up from their prior forecast of $0.24. Jefferies Group has a “Hold” rating and a $7.00 price objective on the stock. Jefferies Group also issued estimates for Smart Sand’s Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.39 EPS.
Several other research firms also recently issued reports on SND. BidaskClub raised Smart Sand from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Piper Jaffray Companies set a $12.00 price objective on Smart Sand and gave the company a “buy” rating in a research note on Wednesday, January 10th. TheStreet upgraded Smart Sand from a “d” rating to a “c-” rating in a report on Tuesday, January 2nd. Janney Montgomery Scott cut Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Tuesday, January 2nd. Finally, Credit Suisse Group upped 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, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Smart Sand presently has a consensus rating of “Buy” and a consensus price target of $12.90.
A number of hedge funds have recently made changes to their positions in SND. Victory Capital Management Inc. boosted its holdings in shares of Smart Sand by 51.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,205,268 shares of the company’s stock worth $21,732,000 after buying an additional 1,093,368 shares in the last quarter. Boston Partners boosted its holdings in shares of Smart Sand by 145.4% during the 3rd quarter. Boston Partners now owns 1,598,268 shares of the company’s stock worth $10,837,000 after buying an additional 946,910 shares in the last quarter. FMR LLC boosted its holdings in shares of Smart Sand by 42.2% during the 2nd quarter. FMR LLC now owns 2,263,470 shares of the company’s stock worth $20,168,000 after buying an additional 671,670 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Smart Sand by 237.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 847,723 shares of the company’s stock worth $5,746,000 after buying an additional 596,398 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Smart Sand during the 3rd quarter worth approximately $3,069,000. Institutional investors and hedge funds own 51.70% of the company’s stock.
WARNING: This piece of content was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/03/14/jefferies-group-weighs-in-on-smart-sand-incs-q2-2018-earnings-snd.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Smart Sand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Sand and related companies with MarketBeat.com's FREE daily email newsletter.