ValuEngine Downgrades Smart Sand (SND) to Strong Sell

Smart Sand (NASDAQ:SND) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Several other equities analysts also recently weighed in on SND. Seaport Global Securities restated a “buy” rating on shares of Smart Sand in a report on Thursday, August 9th. Zacks Investment Research downgraded Smart Sand from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Jefferies Financial Group downgraded Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 price target for the company. in a report on Wednesday, October 17th. Finally, Stifel Nicolaus reduced their price target on Smart Sand from $5.50 to $5.00 and set a “hold” rating for the company in a report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.69.

SND opened at $3.25 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $119.39 million, a price-to-earnings ratio of 5.74 and a beta of 3.11. Smart Sand has a 12-month low of $2.55 and a 12-month high of $11.06.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The business had revenue of $63.10 million during the quarter, compared to the consensus estimate of $56.62 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The firm’s quarterly revenue was up 60.6% compared to the same quarter last year. On average, equities analysts predict that Smart Sand will post 0.79 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Northern Trust Corp increased its holdings in Smart Sand by 5.3% in the 1st quarter. Northern Trust Corp now owns 249,509 shares of the company’s stock worth $1,452,000 after buying an additional 12,645 shares in the last quarter. BlackRock Inc. increased its holdings in Smart Sand by 1.9% in the 1st quarter. BlackRock Inc. now owns 1,373,184 shares of the company’s stock worth $7,992,000 after buying an additional 25,028 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Smart Sand by 2,356.2% in the 1st quarter. JPMorgan Chase & Co. now owns 115,860 shares of the company’s stock worth $675,000 after buying an additional 111,143 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Smart Sand in the 1st quarter worth about $1,149,000. Finally, Hartford Investment Management Co. bought a new stake in Smart Sand in the 2nd quarter worth about $121,000. Hedge funds and other institutional investors own 43.00% of the company’s stock.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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