Smart Sand Inc (SND) PT Raised to $8.50
Smart Sand Inc (NASDAQ:SND) had its price objective hoisted by equities research analysts at Credit Suisse Group from $5.50 to $8.50 in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 10.53% from the company’s current price.
SND has been the topic of several other reports. Piper Jaffray Companies set a $10.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a research note on Sunday. BidaskClub raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Smart Sand from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $7.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Deutsche Bank AG initiated coverage on shares of Smart Sand in a research note on Tuesday, October 10th. They set a “buy” rating and a $9.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $13.28.
Smart Sand (SND) traded down $0.73 during trading on Tuesday, hitting $7.69. 1,184,200 shares of the stock were exchanged, compared to its average volume of 746,774. The stock has a market cap of $340.11 and a P/E ratio of 12.57. Smart Sand has a twelve month low of $4.81 and a twelve month high of $21.99.
Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $39.33 million for the quarter, compared to the consensus estimate of $33.60 million. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. The business’s revenue was up 259.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. analysts anticipate that Smart Sand will post 0.33 earnings per share for the current year.
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In other news, VP Robert Kiszka purchased 10,000 shares of the stock in a transaction on Friday, August 25th. The stock was bought at an average price of $5.53 per share, for a total transaction of $55,300.00. Following the acquisition, the vice president now directly owns 110,629 shares of the company’s stock, valued at approximately $611,778.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds and other institutional investors have recently bought and sold shares of SND. American International Group Inc. acquired a new position in shares of Smart Sand in the 1st quarter valued at $116,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Smart Sand in the 1st quarter valued at $156,000. Royal Bank of Canada boosted its holdings in shares of Smart Sand by 1,651.3% in the 2nd quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after buying an additional 10,783 shares in the last quarter. UBS Group AG boosted its holdings in shares of Smart Sand by 472.6% in the 1st quarter. UBS Group AG now owns 12,826 shares of the company’s stock valued at $209,000 after buying an additional 10,586 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Smart Sand in the 1st quarter valued at $216,000. Institutional investors own 56.41% of the company’s stock.
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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