Smart Sand (SND) Earning Somewhat Positive Media Coverage, Analysis Shows
Press coverage about Smart Sand (NYSE:SND) has trended somewhat positive on Thursday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Sand earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2372786796949 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Smart Sand (SND) opened at 6.67 on Thursday. Smart Sand has a 52-week low of $4.81 and a 52-week high of $21.99. The firm has a market cap of $269.28 million and a P/E ratio of 14.04. The firm’s 50-day moving average price is $6.84 and its 200-day moving average price is $6.84.
Smart Sand (NYSE:SND) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. The firm had revenue of $29.79 million during the quarter, compared to analyst estimates of $29.88 million. During the same period last year, the business posted ($0.11) EPS. The company’s revenue was up 250.9% on a year-over-year basis. Equities research analysts expect that Smart Sand will post $0.32 EPS for the current year.
SND has been the subject of several research analyst reports. Jefferies Group LLC set a $7.00 price objective on Smart Sand and gave the company a “buy” rating in a research report on Monday, August 28th. Piper Jaffray Companies reiterated a “buy” rating on shares of Smart Sand in a research report on Thursday, September 21st. Zacks Investment Research lowered Smart Sand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Credit Suisse Group lowered Smart Sand from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $8.50 in a research report on Thursday, July 20th. Finally, BidaskClub upgraded Smart Sand from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $13.07.
In other news, CEO Charles Edwin Young acquired 100,000 shares of Smart Sand stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $5.18 per share, with a total value of $518,000.00. Following the completion of the purchase, the chief executive officer now owns 140,600 shares of the company’s stock, valued at approximately $728,308. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Kiszka acquired 10,000 shares of Smart Sand stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $5.53 per share, with a total value of $55,300.00. Following the purchase, the vice president now directly owns 110,629 shares of the company’s stock, valued at approximately $611,778.37. The disclosure for this purchase can be found here. Insiders acquired 132,000 shares of company stock valued at $685,960 in the last three months.
About Smart Sand
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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