Smart Sand (NASDAQ:SND) was downgraded by stock analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $3.00 target price on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 3.23% from the company’s previous close. Jefferies Financial Group also issued estimates for Smart Sand’s Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.70 EPS and FY2020 earnings at $0.45 EPS.

SND has been the subject of several other research reports. Johnson Rice lowered Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Tuesday, June 26th. ValuEngine upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Wednesday, July 11th. Finally, Seaport Global Securities restated a “buy” rating on shares of Smart Sand in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Smart Sand presently has a consensus rating of “Hold” and an average target price of $8.69.

NASDAQ:SND opened at $3.10 on Wednesday. Smart Sand has a 1 year low of $2.95 and a 1 year high of $11.06. The firm has a market capitalization of $127.50 million, a PE ratio of 9.69 and a beta of 2.86. The company has a quick ratio of 1.19, a current ratio of 1.57 and a debt-to-equity ratio of 0.22.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The company had revenue of $54.40 million during the quarter, compared to analysts’ expectations of $52.43 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 82.6% compared to the same quarter last year. As a group, sell-side analysts predict that Smart Sand will post 0.93 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new stake in Smart Sand in the 2nd quarter worth about $121,000. A.R.T. Advisors LLC purchased a new stake in Smart Sand in the 1st quarter worth about $155,000. GSA Capital Partners LLP purchased a new stake in Smart Sand in the 2nd quarter worth about $173,000. New York State Common Retirement Fund lifted its stake in Smart Sand by 267.4% in the 1st quarter. New York State Common Retirement Fund now owns 65,756 shares of the company’s stock worth $383,000 after acquiring an additional 47,856 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Smart Sand by 29.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 97,205 shares of the company’s stock worth $566,000 after acquiring an additional 22,012 shares in the last quarter. Institutional investors and hedge funds own 43.07% 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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