ValuEngine upgraded shares of Smart Sand (NASDAQ:SND) from a sell rating to a hold rating in a research note released on Friday.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Smart Sand from a hold rating to a strong-buy rating and set a $6.50 price objective on the stock in a report on Wednesday, August 1st. Johnson Rice downgraded Smart Sand from a buy rating to a hold rating and set a $21.00 price objective on the stock. in a report on Tuesday, June 26th. Tudor Pickering downgraded Smart Sand from a buy rating to a hold rating in a report on Friday, June 8th. Finally, BidaskClub upgraded Smart Sand from a hold rating to a buy rating in a report on Wednesday, May 9th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $10.53.

SND opened at $5.81 on Friday. Smart Sand has a one year low of $4.81 and a one year high of $11.06. The stock has a market capitalization of $240.41 million, a PE ratio of 18.16 and a beta of 3.08. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Smart Sand had a return on equity of 10.94% and a net margin of 16.12%. The business had revenue of $54.40 million for the quarter, compared to the consensus estimate of $52.43 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 82.6% on a year-over-year basis. research analysts expect that Smart Sand will post 0.99 earnings per share for the current year.

In other news, CEO Charles Edwin Young purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were purchased at an average price of $6.08 per share, for a total transaction of $182,400.00. Following the purchase, the chief executive officer now directly owns 253,906 shares of the company’s stock, valued at approximately $1,543,748.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 46.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its stake in Smart Sand by 5.3% during the 1st quarter. Northern Trust Corp now owns 249,509 shares of the company’s stock worth $1,452,000 after buying an additional 12,645 shares during the last quarter. Hartford Investment Management Co. purchased a new position in Smart Sand during the 2nd quarter worth approximately $121,000. JPMorgan Chase & Co. grew its stake in Smart Sand by 2,356.2% during the 1st quarter. JPMorgan Chase & Co. now owns 115,860 shares of the company’s stock worth $675,000 after buying an additional 111,143 shares during the last quarter. Prudential Financial Inc. grew its stake in Smart Sand by 9.0% during the 1st quarter. Prudential Financial Inc. now owns 443,780 shares of the company’s stock worth $2,582,000 after buying an additional 36,790 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Smart Sand by 1.9% during the 1st quarter. BlackRock Inc. now owns 1,373,184 shares of the company’s stock worth $7,992,000 after buying an additional 25,028 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

About Smart Sand

Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.

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Analyst Recommendations for Smart Sand (NASDAQ:SND)

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