Smart Sand (SND) Receives Media Impact Rating of 0.23
News stories about Smart Sand (NYSE:SND) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Smart Sand earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5018603887584 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Smart Sand in a research report on Thursday. BidaskClub upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Saturday, September 9th. Jefferies Group LLC set a $7.00 price target on Smart Sand and gave the company a “buy” rating in a report on Monday, August 28th. Finally, Credit Suisse Group downgraded Smart Sand from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $8.50 in a report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.15.
Smart Sand (SND) opened at 7.10 on Monday. Smart Sand has a one year low of $5.82 and a one year high of $21.99. The firm’s 50-day moving average price is $6.41 and its 200 day moving average price is $6.41. The firm has a market cap of $286.64 million and a P/E ratio of 14.95.
Smart Sand (NYSE:SND) last posted its earnings results on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.88 million. Smart Sand had a return on equity of 6.22% and a net margin of 8.81%. The firm’s revenue was up 250.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. On average, equities research analysts forecast that Smart Sand will post $0.31 EPS for the current year.
In other Smart Sand news, VP Robert Kiszka bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $5.53 per share, with a total value of $55,300.00. Following the acquisition, the vice president now owns 110,629 shares of the company’s stock, valued at $611,778.37. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Edwin Young bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $518,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 140,600 shares in the company, valued at approximately $728,308. The disclosure for this purchase can be found here. Insiders have purchased a total of 132,000 shares of company stock worth $685,960 over the last three months.
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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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