Smart Sand’s (SND) “Buy” Rating Reaffirmed at Seaport Global Securities

Seaport Global Securities reiterated their buy rating on shares of Smart Sand (NASDAQ:SND) in a research note published on Friday, Zacks.com reports. Seaport Global Securities also issued estimates for Smart Sand’s Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.14 EPS and Q4 2020 earnings at $0.11 EPS.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Smart Sand from a hold rating to a buy rating and set a $2.75 target price on the stock in a research note on Friday. Piper Jaffray Companies set a $4.00 target price on shares of Smart Sand and gave the stock a hold rating in a research note on Wednesday, May 8th. Evercore ISI set a $5.00 target price on shares of Smart Sand and gave the stock a hold rating in a research note on Wednesday, August 7th. Finally, B. Riley raised shares of Smart Sand from a neutral rating to a buy rating and boosted their target price for the stock from $4.50 to $5.00 in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $3.97.

Shares of NASDAQ:SND opened at $2.56 on Friday. The company’s 50 day simple moving average is $2.35 and its 200 day simple moving average is $3.17. The stock has a market capitalization of $99.99 million, a price-to-earnings ratio of 3.16 and a beta of 2.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.75. Smart Sand has a 1 year low of $1.92 and a 1 year high of $5.56.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.21. The business had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $57.03 million. Smart Sand had a net margin of 11.06% and a return on equity of 18.46%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, analysts anticipate that Smart Sand will post 0.77 EPS for the current fiscal year.

In other news, CEO Charles Edwin Young bought 17,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 267,401 shares in the company, valued at $764,766.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 47.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in SND. BlackRock Inc. increased its stake in Smart Sand by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,467,785 shares of the company’s stock valued at $3,258,000 after acquiring an additional 20,245 shares during the period. Bank of New York Mellon Corp increased its stake in Smart Sand by 42.6% during the fourth quarter. Bank of New York Mellon Corp now owns 191,189 shares of the company’s stock valued at $424,000 after acquiring an additional 57,136 shares during the period. Geode Capital Management LLC increased its stake in Smart Sand by 24.3% during the fourth quarter. Geode Capital Management LLC now owns 291,187 shares of the company’s stock valued at $646,000 after acquiring an additional 56,914 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Smart Sand during the fourth quarter valued at about $26,000. Finally, Jane Street Group LLC bought a new stake in shares of Smart Sand in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 33.84% 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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Analyst Recommendations for Smart Sand (NASDAQ:SND)

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