B. Riley Initiates Coverage on Smart Sand (SND)

Research analysts at B. Riley started coverage on shares of Smart Sand (NASDAQ:SND) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “hold” rating and a $5.00 price target on the stock. B. Riley’s price target points to a potential upside of 13.12% from the company’s previous close.

Separately, Zacks Investment Research cut Smart Sand from a “hold” rating to a “sell” rating in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.91.

Shares of NASDAQ SND opened at $4.42 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.28 and a current ratio of 2.03. The firm has a market capitalization of $175.09 million, a P/E ratio of 5.46 and a beta of 3.08. Smart Sand has a 52-week low of $1.92 and a 52-week high of $8.14.

Smart Sand (NASDAQ:SND) last issued its earnings results on Thursday, March 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.20. The business had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $48.33 million. Smart Sand had a return on equity of 16.00% and a net margin of 8.80%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, research analysts expect that Smart Sand will post 0.47 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Smart Sand by 139.8% in the 3rd quarter. Victory Capital Management Inc. now owns 41,916 shares of the company’s stock valued at $172,000 after buying an additional 24,439 shares during the period. FMR LLC raised its holdings in Smart Sand by 18.9% in the 3rd quarter. FMR LLC now owns 3,313,487 shares of the company’s stock valued at $13,619,000 after buying an additional 527,259 shares during the period. Bridgeway Capital Management Inc. raised its holdings in Smart Sand by 68.6% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 210,800 shares of the company’s stock valued at $866,000 after buying an additional 85,800 shares during the period. Vanguard Group Inc. raised its holdings in Smart Sand by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,193,669 shares of the company’s stock valued at $4,906,000 after buying an additional 194,397 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Smart Sand by 922,885.8% in the 3rd quarter. Clearbridge Investments LLC now owns 2,732,038 shares of the company’s stock valued at $11,229,000 after buying an additional 2,731,742 shares during the period. Institutional investors and hedge funds own 36.91% of the company’s stock.

About Smart Sand

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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Analyst Recommendations for Smart Sand (NASDAQ:SND)

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