Smart Sand (NASDAQ:SND) had its price objective lowered by Stifel Nicolaus from $5.50 to $5.00 in a research report released on Wednesday. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also commented on SND. ValuEngine lowered Smart Sand from a hold rating to a sell rating in a report on Thursday, August 16th. Johnson Rice lowered Smart Sand from a buy rating to a hold rating and set a $21.00 price objective on the stock. in a report on Tuesday, June 26th. Zacks Investment Research raised Smart Sand from a hold rating to a buy rating and set a $5.75 price objective on the stock in a report on Wednesday, July 25th. Finally, Seaport Global Securities reissued a buy rating on shares of Smart Sand in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $9.92.

Shares of NASDAQ SND traded down $0.13 during mid-day trading on Wednesday, reaching $3.86. 572,161 shares of the company traded hands, compared to its average volume of 803,575. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.57. The firm has a market cap of $170.98 million, a price-to-earnings ratio of 12.06 and a beta of 2.88. Smart Sand has a fifty-two week low of $3.82 and a fifty-two week high of $11.06.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $54.40 million for the quarter, compared to analyst estimates of $52.43 million. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The firm’s revenue for the quarter was up 82.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, equities research analysts forecast that Smart Sand will post 0.95 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SND. GSA Capital Partners LLP bought a new stake in shares of Smart Sand in the 2nd quarter worth approximately $173,000. Northern Trust Corp lifted its position in shares of Smart Sand by 5.3% in the 1st quarter. Northern Trust Corp now owns 249,509 shares of the company’s stock worth $1,452,000 after acquiring an additional 12,645 shares during the period. BlackRock Inc. lifted its position in shares of Smart Sand by 1.9% in the 1st quarter. BlackRock Inc. now owns 1,373,184 shares of the company’s stock worth $7,992,000 after acquiring an additional 25,028 shares during the period. Hartford Investment Management Co. bought a new stake in shares of Smart Sand in the 2nd quarter worth approximately $121,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Smart Sand by 2,356.2% in the 1st quarter. JPMorgan Chase & Co. now owns 115,860 shares of the company’s stock worth $675,000 after acquiring an additional 111,143 shares during the period. 43.07% of the stock is currently owned by hedge funds and other institutional investors.

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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