Jefferies Financial Group lowered shares of Smart Sand (NASDAQ:SND) from a hold rating to an underperform rating in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage currently has $3.00 price target on the stock. Jefferies Financial Group also issued estimates for Smart Sand’s Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.15 EPS.
Several other research firms also recently commented on SND. ValuEngine downgraded Smart Sand from a hold rating to a sell rating in a research report on Thursday, August 16th. Johnson Rice downgraded Smart Sand from a buy rating to a hold rating and set a $21.00 target price on the stock. in a research report on Tuesday, June 26th. Zacks Investment Research raised Smart Sand from a hold rating to a buy rating and set a $5.75 target price on the stock in a research report on Wednesday, July 25th. Stifel Nicolaus decreased their target price on Smart Sand from $5.50 to $5.00 and set a hold rating on the stock in a research report on Wednesday, October 10th. Finally, Seaport Global Securities reaffirmed a buy rating on shares of Smart Sand in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Smart Sand presently has a consensus rating of Hold and an average price target of $9.47.
Shares of Smart Sand stock traded up $0.02 on Wednesday, hitting $3.08. The stock had a trading volume of 24,228 shares, compared to its average volume of 812,082. Smart Sand has a twelve month low of $2.95 and a twelve month high of $11.06. The company has a current ratio of 1.57, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $170.98 million, a price-to-earnings ratio of 9.80 and a beta of 2.88.
Smart Sand (NASDAQ:SND) last posted its earnings results on Thursday, August 9th. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 82.6% on a year-over-year basis. As a group, equities research analysts predict that Smart Sand will post 0.95 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Hartford Investment Management Co. acquired a new stake in Smart Sand during the second quarter worth approximately $121,000. A.R.T. Advisors LLC acquired a new stake in Smart Sand during the first quarter worth approximately $155,000. GSA Capital Partners LLP acquired a new stake in Smart Sand during the second quarter worth approximately $173,000. New York State Common Retirement Fund grew its position in Smart Sand by 267.4% during the first quarter. New York State Common Retirement Fund now owns 65,756 shares of the company’s stock worth $383,000 after buying an additional 47,856 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Smart Sand by 29.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 97,205 shares of the company’s stock worth $566,000 after buying an additional 22,012 shares in the last quarter. 43.07% of the stock is currently owned by institutional investors and hedge funds.
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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