Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Smart Sand (SND) Stock Price
News stories about Smart Sand (NYSE:SND) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Smart Sand earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.7749266080022 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Smart Sand (NYSE:SND) opened at 6.09 on Tuesday. Smart Sand has a 12-month low of $5.90 and a 12-month high of $21.99. The firm has a market capitalization of $245.67 million and a PE ratio of 16.11. The company has a 50-day moving average of $7.63 and a 200 day moving average of $12.87.
Smart Sand (NYSE:SND) last announced its quarterly earnings data on Thursday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.03. The company had revenue of $25 million during the quarter, compared to analyst estimates of $18.13 million. Smart Sand had a return on equity of 2.51% and a net margin of 3.87%. The business’s revenue for the quarter was up 140.4% compared to the same quarter last year. On average, analysts predict that Smart Sand will post $0.43 EPS for the current year.
Several brokerages have recently weighed in on SND. Simmons upped their target price on shares of Smart Sand from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, April 11th. Jefferies Group LLC set a $20.00 target price on shares of Smart Sand and gave the company a “buy” rating in a research note on Sunday, May 14th. Zacks Investment Research upgraded shares of Smart Sand from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, May 24th. Evercore ISI began coverage on shares of Smart Sand in a research note on Thursday, May 25th. They issued an “in-line” rating and a $12.00 target price for the company. Finally, Deutsche Bank AG restated a “buy” rating and issued a $18.00 target price (down from $21.00) on shares of Smart Sand in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $14.95.
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Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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