Smart Sand Inc (NYSE:SND) was upgraded by research analysts at Johnson Rice from an “accumulate” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $21.00 price target on the stock, up from their previous price target of $20.00. Johnson Rice’s target price would suggest a potential upside of 31.91% from the company’s previous close.
A number of other research analysts also recently commented on SND. Jefferies Group LLC assumed coverage on shares of Smart Sand in a research report on Tuesday, December 13th. They issued a “buy” rating and a $18.00 price objective for the company. Goldman Sachs Group Inc assumed coverage on shares of Smart Sand in a research report on Tuesday, November 29th. They issued a “buy” rating and a $17.00 price objective for the company. Deutsche Bank AG assumed coverage on shares of Smart Sand in a research report on Wednesday, November 30th. They issued a “buy” rating and a $15.00 price objective for the company. Credit Suisse Group AG assumed coverage on shares of Smart Sand in a research note on Tuesday, November 29th. They set an “outperform” rating and a $14.00 target price for the company. Finally, Tudor Pickering assumed coverage on shares of Smart Sand in a research note on Wednesday, December 7th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.32.
Shares of Smart Sand (NYSE:SND) opened at 15.92 on Friday. The company has a market cap of $353.23 million and a PE ratio of 1768.89. The company has a 50-day moving average of $17.10 and a 200-day moving average of $15.67. Smart Sand has a 1-year low of $10.30 and a 1-year high of $21.99.
Smart Sand (NYSE:SND) last announced its quarterly earnings data on Thursday, March 16th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm earned $29.45 million during the quarter, compared to the consensus estimate of $29.75 million. During the same period last year, the business earned ($0.01) EPS. The business’s revenue was up 94.1% on a year-over-year basis. Equities analysts forecast that Smart Sand will post $0.50 EPS for the current year.
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In other news, insider Susan E. Neumann sold 2,402 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $17.50, for a total transaction of $42,035.00. Following the completion of the sale, the insider now owns 33,254 shares in the company, valued at approximately $581,945. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert Kiszka sold 100,069 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $17.50, for a total transaction of $1,751,207.50. Following the sale, the vice president now owns 84,233 shares of the company’s stock, valued at approximately $1,474,077.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,824,163 shares of company stock valued at $64,704,840.
Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp Et Al bought a new stake in Smart Sand during the fourth quarter worth about $201,000. Hawkins Capital L.P. bought a new stake in Smart Sand during the fourth quarter worth about $297,000. GLG LLC bought a new stake in Smart Sand during the fourth quarter worth about $619,000. Castleark Management LLC bought a new stake in Smart Sand during the fourth quarter worth about $1,923,000. Finally, State Street Corp bought a new stake in Smart Sand during the fourth quarter worth about $2,198,000.
Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand. The Company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. The Company owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin, at which it has approximately 244 million tons of proven recoverable sand reserves and approximately 92 million tons of probable recoverable sand reserves as of December 31, 2015, respectively.
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