Smart Sand (NASDAQ:SND) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Seaport Global Securities reaffirmed a “buy” rating on shares of Smart Sand in a research report on Thursday, August 9th. Jefferies Financial Group cut Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a research report on Wednesday, October 17th. Finally, Stifel Nicolaus lowered their price objective on Smart Sand from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Smart Sand has an average rating of “Hold” and an average target price of $8.69.

Shares of NASDAQ:SND opened at $3.25 on Thursday. The stock has a market capitalization of $119.39 million, a price-to-earnings ratio of 5.74 and a beta of 3.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.57. Smart Sand has a 52-week low of $2.55 and a 52-week high of $11.06.

Smart Sand (NASDAQ:SND) last announced its earnings results on Thursday, November 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $63.10 million for the quarter, compared to analysts’ expectations of $56.62 million. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The business’s revenue for the quarter was up 60.6% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. As a group, equities analysts anticipate that Smart Sand will post 0.79 EPS for the current year.

Several hedge funds have recently bought and sold shares of SND. GSA Capital Partners LLP bought a new stake in Smart Sand during the 2nd quarter valued at approximately $173,000. Northern Trust Corp raised 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 valued at $1,452,000 after purchasing an additional 12,645 shares during the period. BlackRock Inc. raised 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 valued at $7,992,000 after purchasing an additional 25,028 shares during the period. Hartford Investment Management Co. bought a new stake in Smart Sand during the 2nd quarter valued at approximately $121,000. Finally, FMR LLC raised its stake in Smart Sand by 28.1% during the 2nd quarter. FMR LLC now owns 2,786,228 shares of the company’s stock valued at $14,795,000 after purchasing an additional 611,873 shares during the period. 43.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Why does a company issue an IPO?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

Receive News & Ratings for Smart Sand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Sand and related companies with MarketBeat.com's FREE daily email newsletter.