Smart Sand (NASDAQ:SND) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Smart Sand (NASDAQ:SND) posted its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11, FiscalAI reports. The firm had revenue of $0.09 million for the quarter, compared to analyst estimates of $60.00 million. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.59%.

Smart Sand Price Performance

Smart Sand stock traded up $0.03 during midday trading on Friday, reaching $2.50. The company’s stock had a trading volume of 341,458 shares, compared to its average volume of 130,812. The firm has a market capitalization of $108.90 million, a PE ratio of 27.78 and a beta of 0.77. Smart Sand has a fifty-two week low of $1.76 and a fifty-two week high of $2.77. The stock’s 50 day simple moving average is $2.11 and its 200 day simple moving average is $2.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.86.

Insider Activity

In related news, CEO Charles Edwin Young acquired 20,000 shares of Smart Sand stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average price of $1.91 per share, for a total transaction of $38,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,477,628 shares of the company’s stock, valued at approximately $2,822,269.48. This trade represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have bought 39,031 shares of company stock valued at $74,421. Company insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Smart Sand

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Smart Sand in the 1st quarter worth approximately $26,000. Bailard Inc. purchased a new stake in Smart Sand during the second quarter worth $50,000. Sei Investments Co. acquired a new stake in Smart Sand in the second quarter valued at $82,000. Everstar Asset Management LLC acquired a new stake in Smart Sand in the first quarter valued at $141,000. Finally, Jane Street Group LLC increased its position in shares of Smart Sand by 348.8% in the first quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock valued at $210,000 after buying an additional 62,961 shares in the last quarter. 35.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on SND shares. Weiss Ratings restated a “sell (d+)” rating on shares of Smart Sand in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Smart Sand currently has a consensus rating of “Sell”.

About Smart Sand

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.