Smart Sand (SND) Stock Price Down 5.1%

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Smart Sand Inc (NASDAQ:SND)’s share price was down 5.1% during trading on Thursday . The company traded as low as $4.79 and last traded at $4.82. Approximately 565,193 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 853,361 shares. The stock had previously closed at $5.08.

A number of equities analysts have recently commented on SND shares. BidaskClub upgraded Smart Sand from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. ValuEngine downgraded Smart Sand from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Tudor Pickering downgraded Smart Sand from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Johnson Rice lowered Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research note on Tuesday, June 26th. Finally, Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.53.

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.19. The firm has a market capitalization of $207.17 million, a P/E ratio of 15.91 and a beta of 2.75.

Smart Sand (NASDAQ:SND) last released its earnings results on Thursday, August 9th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The company had revenue of $54.40 million for the quarter, compared to the consensus estimate of $52.43 million. During the same quarter last year, the business posted $0.06 EPS. Smart Sand’s quarterly revenue was up 82.6% compared to the same quarter last year. sell-side analysts predict that Smart Sand Inc will post 0.98 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Smart Sand by 28.1% in the 2nd quarter. FMR LLC now owns 2,786,228 shares of the company’s stock worth $14,795,000 after purchasing an additional 611,873 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Smart Sand by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,898,671 shares of the company’s stock worth $11,051,000 after purchasing an additional 240,872 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Smart Sand by 5.0% in the 2nd quarter. BlackRock Inc. now owns 1,441,858 shares of the company’s stock worth $7,657,000 after purchasing an additional 68,674 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Smart Sand by 268.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock worth $3,862,000 after purchasing an additional 529,904 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Smart Sand by 3.9% in the 1st quarter. Wells Fargo & Company MN now owns 516,888 shares of the company’s stock worth $3,009,000 after purchasing an additional 19,228 shares during the last quarter. 43.09% of the stock is currently owned by institutional investors and hedge funds.

About Smart Sand (NASDAQ:SND)

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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