Seaport Global Securities reaffirmed their buy rating on shares of Smart Sand (NASDAQ:SND) in a research note published on Monday, March 19th. The brokerage currently has a $12.00 price target on the stock. Seaport Global Securities also issued estimates for Smart Sand’s Q1 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.00 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.31 EPS.
Several other analysts have also issued reports on the company. Deutsche Bank dropped their target price on Smart Sand from $9.00 to $8.00 and set a buy rating on the stock in a report on Monday, March 19th. Piper Jaffray set a $10.00 target price on Smart Sand and gave the stock a buy rating in a report on Friday, March 16th. BidaskClub lowered Smart Sand from a hold rating to a sell rating in a report on Saturday, March 17th. Credit Suisse Group reiterated a neutral rating and set a $6.75 target price (down previously from $9.00) on shares of Smart Sand in a report on Friday, March 16th. Finally, Zacks Investment Research upgraded Smart Sand from a hold rating to a strong-buy rating and set a $9.50 target price on the stock in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $9.78.
Shares of SND stock traded up $0.03 on Monday, hitting $6.72. 787,160 shares of the stock were exchanged, compared to its average volume of 853,594. The stock has a market capitalization of $264.10, a P/E ratio of 21.00 and a beta of 3.49. Smart Sand has a fifty-two week low of $4.81 and a fifty-two week high of $15.51.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, March 15th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.09). The firm had revenue of $43.00 million for 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 firm’s quarterly revenue was up 45.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. sell-side analysts anticipate that Smart Sand will post 1.12 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in Smart Sand in the fourth quarter valued at approximately $128,000. Millennium Management LLC raised its stake in Smart Sand by 430.2% in the fourth quarter. Millennium Management LLC now owns 490,170 shares of the company’s stock valued at $4,245,000 after buying an additional 397,720 shares during the period. Teachers Advisors LLC raised its stake in Smart Sand by 20.2% in the fourth quarter. Teachers Advisors LLC now owns 37,466 shares of the company’s stock valued at $324,000 after buying an additional 6,284 shares during the period. Two Sigma Investments LP bought a new stake in Smart Sand in the fourth quarter valued at approximately $308,000. Finally, Ellington Management Group LLC bought a new stake in Smart Sand in the fourth quarter valued at approximately $246,000. Hedge funds and other institutional investors own 51.00% of the company’s stock.
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About Smart Sand
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
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