Shares of Smart Sand Inc (NASDAQ:SND) were up 13.7% during mid-day trading on Friday . The company traded as high as $11.06 and last traded at $10.98. Approximately 1,826,900 shares changed hands during trading, an increase of 117% from the average daily volume of 843,013 shares. The stock had previously closed at $9.66.

A number of analysts recently issued reports on SND shares. BidaskClub raised Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Smart Sand in a research report on Thursday, September 21st. Jefferies Group set a $7.00 price target on Smart Sand and gave the stock a “buy” rating in a research report on Thursday, October 5th. Deutsche Bank began coverage on Smart Sand in a research report on Tuesday, October 10th. They issued a “buy” rating and a $9.00 price target for the company. Finally, Zacks Investment Research cut Smart Sand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Smart Sand presently has an average rating of “Buy” and a consensus price target of $13.18.

The stock has a market capitalization of $426.15 and a PE ratio of 16.64.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The company had revenue of $39.33 million during the quarter, compared to analysts’ expectations of $33.60 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 259.8% compared to the same quarter last year. equities analysts anticipate that Smart Sand Inc will post 0.4 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Smart Sand by 1,651.3% in the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after purchasing an additional 10,783 shares during the period. Wall Street Access Asset Management LLC increased its stake in Smart Sand by 19.6% during the second quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after acquiring an additional 2,705 shares during the period. SG Americas Securities LLC bought a new position in Smart Sand during the third quarter valued at about $128,000. Rhumbline Advisers increased its stake in Smart Sand by 103.1% during the second quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock valued at $196,000 after acquiring an additional 11,157 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Smart Sand by 83.5% during the second quarter. Alliancebernstein L.P. now owns 24,400 shares of the company’s stock valued at $217,000 after acquiring an additional 11,100 shares during the period. Institutional investors and hedge funds own 49.52% of the company’s stock.

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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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