Smart Sand Inc (NASDAQ:SND) shares saw unusually-strong trading volume on Thursday . Approximately 1,826,944 shares were traded during trading, an increase of 117% from the previous session’s volume of 842,956 shares.The stock last traded at $10.98 and had previously closed at $9.66.

A number of analysts have weighed in on SND shares. BidaskClub upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Piper Jaffray Companies reiterated a “buy” rating on shares of Smart Sand in a report on Thursday, September 21st. Jefferies Group set a $7.00 price target on Smart Sand and gave the stock a “buy” rating in a report on Thursday, October 5th. Deutsche Bank started coverage on Smart Sand in a report on Tuesday, October 10th. They set a “buy” rating and a $9.00 price target for the company. Finally, Zacks Investment Research downgraded Smart Sand from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.18.

The company has a market cap of $443.52 and a P/E ratio of 16.64.

Smart Sand (NASDAQ:SND) last issued its earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $39.33 million during the quarter, compared to the consensus estimate of $33.60 million. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The firm’s revenue for the quarter was up 259.8% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. analysts anticipate that Smart Sand Inc will post 0.4 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake 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 during the period. SG Americas Securities LLC acquired a new stake in shares of Smart Sand in the 3rd quarter valued at about $128,000. Wall Street Access Asset Management LLC grew its stake in shares of Smart Sand by 19.6% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after buying an additional 2,705 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Smart Sand in the 3rd quarter valued at about $175,000. Finally, Rhumbline Advisers grew its stake in shares of Smart Sand by 103.1% in the 2nd quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock valued at $196,000 after buying an additional 11,157 shares during the period. Institutional investors own 49.52% of the company’s stock.

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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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