Smart Sand Inc (SND) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Smart Sand Inc (NASDAQ:SND) have been given an average rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.00.

A number of analysts have recently issued reports on SND shares. Zacks Investment Research raised Smart Sand from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. ValuEngine raised Smart Sand from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. B. Riley started coverage on Smart Sand in a research note on Tuesday, March 19th. They issued a “hold” rating and a $5.00 price target on the stock. Jefferies Financial Group reaffirmed a “sell” rating on shares of Smart Sand in a research note on Tuesday, April 2nd. Finally, Piper Jaffray Companies set a $4.00 price target on Smart Sand and gave the stock a “hold” rating in a research note on Wednesday.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SND. Two Sigma Investments LP purchased a new stake in Smart Sand in the fourth quarter valued at $25,000. D. E. Shaw & Co. Inc. purchased a new stake in Smart Sand in the fourth quarter valued at $26,000. GSA Capital Partners LLP purchased a new stake in Smart Sand in the fourth quarter valued at $28,000. Jane Street Group LLC purchased a new stake in Smart Sand in the fourth quarter valued at $30,000. Finally, Point View Wealth Management Inc. purchased a new stake in Smart Sand in the fourth quarter valued at $52,000. 37.31% of the stock is currently owned by institutional investors.

SND traded up $0.15 during trading on Friday, hitting $3.89. The company’s stock had a trading volume of 404,958 shares, compared to its average volume of 316,932. The company has a current ratio of 1.47, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. Smart Sand has a twelve month low of $1.92 and a twelve month high of $7.24. The firm has a market cap of $153.22 million, a P/E ratio of 4.80 and a beta of 3.04.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Smart Sand had a return on equity of 17.03% and a net margin of 9.81%. The company had revenue of $51.78 million for the quarter, compared to analyst estimates of $49.53 million. During the same period last year, the company earned $0.02 earnings per share. Smart Sand’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities research analysts forecast that Smart Sand will post 0.51 EPS for the current year.

Smart Sand Company Profile

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.

See Also: Retained Earnings

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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