Piper Jaffray Companies reaffirmed their buy rating on shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) in a research note issued to investors on Monday, August 7th. They currently have a $4.50 price target on the industrial products company’s stock.

Several other research firms have also commented on FMSA. Cowen and Company set a $6.00 price objective on shares of Fairmount Santrol Holdings and gave the company a buy rating in a research note on Friday, August 4th. Janney Montgomery Scott initiated coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, June 15th. They issued a neutral rating and a $5.60 price objective for the company. Jefferies Group LLC reissued a buy rating and issued a $8.00 price objective on shares of Fairmount Santrol Holdings in a research note on Monday, May 15th. Zacks Investment Research cut shares of Fairmount Santrol Holdings from a buy rating to a hold rating in a report on Friday, April 21st. Finally, BidaskClub raised shares of Fairmount Santrol Holdings from a strong sell rating to a sell rating in a report on Monday, July 31st. Four 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 stock presently has a consensus rating of Hold and an average target price of $7.13.

Shares of Fairmount Santrol Holdings (FMSA) traded down 2.28% on Monday, reaching $2.57. 4,997,399 shares of the company traded hands. Fairmount Santrol Holdings has a 1-year low of $2.46 and a 1-year high of $13.12. The firm’s market capitalization is $575.89 million. The stock has a 50-day moving average price of $3.11 and a 200 day moving average price of $6.03.

Fairmount Santrol Holdings (NYSE:FMSA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 24.37%. Fairmount Santrol Holdings’s revenue was up 104.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.54) earnings per share. Analysts anticipate that Fairmount Santrol Holdings will post $0.27 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of FMSA. Point72 Asia Hong Kong Ltd raised its position in 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 worth $104,000 after buying an additional 12,974 shares during the period. Schnieders Capital Management LLC raised its stake 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. Principal Financial Group Inc. raised its stake in shares of Fairmount Santrol Holdings by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after buying an additional 20,128 shares during the last quarter. Clinton Group Inc. bought a new stake in shares of Fairmount Santrol Holdings during the first quarter valued at approximately $132,000. Finally, BB&T Securities LLC raised its stake in shares of Fairmount Santrol Holdings by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after buying an additional 23,200 shares during the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

About Fairmount Santrol Holdings

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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