Fairmount Santrol Holdings Inc (NYSE:FMSA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) have earned a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.63.

A number of analysts recently weighed in on FMSA shares. Northcoast Research raised shares of Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Credit Suisse Group cut shares of Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $4.00 in a research note on Thursday, July 20th. Janney Montgomery Scott began coverage on shares of Fairmount Santrol Holdings in a research note on Thursday, June 15th. They issued a “neutral” rating and a $5.60 price target for the company. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $8.00 price target on shares of Fairmount Santrol Holdings in a research note on Friday, May 5th.

Shares of Fairmount Santrol Holdings (NYSE:FMSA) traded up 8.15% during midday trading on Friday, reaching $2.92. 8,065,839 shares of the company’s stock traded hands. Fairmount Santrol Holdings has a 12 month low of $2.58 and a 12 month high of $13.12. The stock has a 50 day moving average of $3.83 and a 200-day moving average of $7.23. The stock’s market cap is $653.91 million.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its earnings results on Thursday, May 4th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.01. The firm had revenue of $172.60 million for the quarter, compared to the consensus estimate of $169.50 million. Fairmount Santrol Holdings had a negative return on equity of 18.82% and a negative net margin of 6.61%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS. On average, equities research analysts forecast that Fairmount Santrol Holdings will post $0.23 EPS for the current fiscal year.

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In other news, CFO Michael F. Biehl sold 14,050 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $4.79, for a total value of $67,299.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.20% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in FMSA. Clear Harbor Asset Management LLC acquired a new stake in shares of Fairmount Santrol Holdings during the second quarter worth about $140,000. Exane Derivatives boosted its stake in shares of Fairmount Santrol Holdings by 202.6% in the second quarter. Exane Derivatives now owns 87,910 shares of the industrial products company’s stock worth $343,000 after buying an additional 58,857 shares during the period. Texan Capital Management boosted its stake in shares of Fairmount Santrol Holdings by 16.3% in the second quarter. Texan Capital Management now owns 50,085 shares of the industrial products company’s stock worth $195,000 after buying an additional 7,020 shares during the period. Creative Planning boosted its stake in shares of Fairmount Santrol Holdings by 139.4% in the second quarter. Creative Planning now owns 112,000 shares of the industrial products company’s stock worth $437,000 after buying an additional 65,214 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Fairmount Santrol Holdings by 8,632.6% in the second quarter. Bank of Montreal Can now owns 83,658 shares of the industrial products company’s stock worth $327,000 after buying an additional 82,700 shares during the period. 85.81% of the stock is owned by institutional investors.

Fairmount Santrol Holdings Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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