Zacks Investment Research lowered shares of Smart Sand Inc (NYSE:SND) from a buy rating to a sell rating in a report issued on Thursday, July 13th.

According to Zacks, “Smart Sand, Inc. is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. Smart Sand, Inc. is headquartered in the Woodlands, Texas. “

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC restated a buy rating and set a $22.00 price objective on shares of Smart Sand in a research report on Friday, March 24th. Johnson Rice upgraded shares of Smart Sand from an accumulate rating to a buy rating and raised their price objective for the company from $20.00 to $21.00 in a research report on Friday, March 17th. Janney Montgomery Scott assumed coverage on shares of Smart Sand in a report on Thursday, June 15th. They issued a buy rating and a $13.00 target price for the company. Deutsche Bank AG reiterated a buy rating and issued a $18.00 target price (down from $21.00) on shares of Smart Sand in a report on Tuesday, May 30th. Finally, Evercore ISI assumed coverage on shares of Smart Sand in a report on Thursday, May 25th. They issued an in-line rating and a $12.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $14.95.

Shares of Smart Sand (NYSE:SND) opened at 5.86 on Thursday. The stock has a market cap of $236.39 million and a P/E ratio of 15.50. Smart Sand has a one year low of $5.80 and a one year high of $21.99. The firm has a 50 day moving average of $7.42 and a 200 day moving average of $12.73.

Smart Sand (NYSE:SND) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Smart Sand had a net margin of 3.87% and a return on equity of 2.51%. The business had revenue of $25 million for the quarter, compared to the consensus estimate of $18.13 million. The business’s revenue for the quarter was up 140.4% on a year-over-year basis. On average, equities research analysts predict that Smart Sand will post $0.43 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of SND. American International Group Inc. bought a new stake in Smart Sand during the first quarter worth about $116,000. Nationwide Fund Advisors raised its stake in Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after buying an additional 1,597 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Smart Sand during the first quarter worth about $156,000. Quantbot Technologies LP bought a new stake in Smart Sand during the first quarter worth about $167,000. Finally, Bank of Montreal Can bought a new stake in Smart Sand during the second quarter worth about $186,000.

Smart Sand Company Profile

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.

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Analyst Recommendations for Smart Sand (NYSE:SND)

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