Fairmount Santrol Holdings Inc. (NYSE:FMSA)‘s stock had its “buy” rating reaffirmed by stock analysts at Piper Jaffray Companies in a research note issued to investors on Monday. They currently have a $4.50 price target on the industrial products company’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 73.75% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI assumed coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, May 25th. They issued an “in-line” rating and a $6.00 price target on the stock. Barclays PLC cut shares of Fairmount Santrol Holdings from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $9.00 to $7.00 in a research note on Friday, April 21st. Howard Weil reaffirmed a “sector outperform” rating on shares of Fairmount Santrol Holdings in a research note on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Finally, Zacks Investment Research cut shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.13.

Fairmount Santrol Holdings (NYSE FMSA) opened at 2.59 on Monday. The firm has a 50 day moving average of $3.55 and a 200-day moving average of $6.83. The company’s market capitalization is $580.01 million. Fairmount Santrol Holdings has a 52-week low of $2.51 and a 52-week high of $13.12.

Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 28.04%. The firm had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. During the same quarter last year, the company earned ($0.54) EPS. The firm’s revenue for the quarter was up 104.2% compared to the same quarter last year. Equities analysts expect that Fairmount Santrol Holdings will post $0.23 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd boosted its position in shares of Fairmount Santrol Holdings by 1,014.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after buying an additional 12,974 shares during the last quarter. Schnieders Capital Management LLC boosted its position in shares of Fairmount Santrol Holdings by 46.7% in the first quarter. Schnieders Capital Management LLC now owns 15,700 shares of the industrial products company’s stock valued at $115,000 after buying an additional 5,000 shares during the last quarter. Clinton Group Inc. purchased a new position in shares of Fairmount Santrol Holdings during the first quarter valued at $132,000. Princeton Alpha Management LP purchased a new position in shares of Fairmount Santrol Holdings during the first quarter valued at $141,000. Finally, RidgeWorth Capital Management LLC purchased a new position in shares of Fairmount Santrol Holdings during the first quarter valued at $151,000. 85.06% of the stock is currently owned by hedge funds and other institutional investors.

Fairmount Santrol Holdings Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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