Shares of Smart Sand Inc (NASDAQ:SND) have been given an average recommendation of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.28.

Several equities research analysts recently issued reports on SND shares. Piper Jaffray Companies set a $12.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Seaport Global Securities started coverage on shares of Smart Sand in a report on Friday, December 8th. They issued a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research upgraded shares of Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Friday, November 17th. Finally, TheStreet upgraded shares of Smart Sand from a “d” rating to a “c-” rating in a report on Tuesday, January 2nd.

Smart Sand (NASDAQ:SND) traded up $0.01 on Friday, hitting $8.24. 329,800 shares of the company traded hands, compared to its average volume of 693,031. Smart Sand has a twelve month low of $4.81 and a twelve month high of $21.99. The firm has a market capitalization of $332.43, a PE ratio of 12.82 and a beta of 3.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of SND. Royal Bank of Canada raised its stake in shares of Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after purchasing an additional 10,783 shares during the period. Fidelity National Financial Inc. purchased a new stake in shares of Smart Sand during the fourth quarter valued at approximately $123,000. SG Americas Securities LLC purchased a new stake in shares of Smart Sand during the third quarter valued at approximately $128,000. Globeflex Capital L P purchased a new stake in shares of Smart Sand during the fourth quarter valued at approximately $149,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Smart Sand during the fourth quarter valued at approximately $157,000. Hedge funds and other institutional investors own 51.31% 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.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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