Stifel Nicolaus Reiterates “Hold” Rating for Smart Sand (NASDAQ:SND)

Stifel Nicolaus reiterated their hold rating on shares of Smart Sand (NASDAQ:SNDFree Report) in a report published on Wednesday, Benzinga reports. They currently have a $3.00 price target on the stock.

Smart Sand Stock Performance

NASDAQ SND opened at $2.21 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 0.64. Smart Sand has a 1-year low of $1.44 and a 1-year high of $2.48. The business has a 50 day simple moving average of $2.06 and a two-hundred day simple moving average of $1.99. The stock has a market capitalization of $94.10 million, a PE ratio of 10.05 and a beta of 1.01.

Smart Sand (NASDAQ:SNDGet Free Report) last issued its quarterly earnings data on Monday, March 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Smart Sand had a return on equity of 3.31% and a net margin of 2.71%. The company had revenue of $61.95 million for the quarter, compared to the consensus estimate of $57.70 million. On average, research analysts predict that Smart Sand will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Smart Sand

A number of institutional investors and hedge funds have recently bought and sold shares of SND. Acadian Asset Management LLC raised its stake in shares of Smart Sand by 196.1% during the 3rd quarter. Acadian Asset Management LLC now owns 562,856 shares of the company’s stock worth $1,305,000 after acquiring an additional 372,798 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Smart Sand in the 3rd quarter worth $178,000. Ritholtz Wealth Management grew its stake in Smart Sand by 72.7% during the 4th quarter. Ritholtz Wealth Management now owns 42,850 shares of the company’s stock worth $83,000 after buying an additional 18,034 shares during the last quarter. AJOVista LLC acquired a new position in Smart Sand during the 4th quarter valued at about $35,000. Finally, Nierenberg Investment Management Company Inc. purchased a new stake in Smart Sand in the third quarter valued at about $361,000. 35.21% of the stock is owned by institutional investors.

About Smart Sand

(Get Free Report)

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.

Further Reading

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