Smart Sand (SND) Given a $12.00 Price Target at Piper Jaffray Companies

Smart Sand (NASDAQ:SND) has been given a $12.00 price target by research analysts at Piper Jaffray Companies in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ price objective points to a potential upside of 9.29% from the company’s previous close.

A number of other research firms have also recently weighed in on SND. BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. TheStreet raised Smart Sand from a “d” rating to a “c-” rating in a report on Tuesday, January 2nd. Janney Montgomery Scott downgraded Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Tuesday, January 2nd. Jefferies Group downgraded Smart Sand from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Wednesday, November 15th. Finally, Credit Suisse Group lifted their price objective on Smart Sand from $5.50 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.18.

Smart Sand (NASDAQ SND) opened at $10.98 on Wednesday. Smart Sand has a 1-year low of $4.81 and a 1-year high of $21.99. The firm has a market capitalization of $443.52 and a price-to-earnings ratio of 16.64.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 259.8% compared to the same quarter last year. research analysts anticipate that Smart Sand will post 0.4 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Smart Sand by 51.8% during the third quarter. Victory Capital Management Inc. now owns 3,205,268 shares of the company’s stock valued at $21,732,000 after acquiring an additional 1,093,368 shares during the period. FMR LLC grew its position in Smart Sand by 42.2% during the second quarter. FMR LLC now owns 2,263,470 shares of the company’s stock valued at $20,168,000 after acquiring an additional 671,670 shares during the period. Boston Partners grew its position in Smart Sand by 145.4% during the third quarter. Boston Partners now owns 1,598,268 shares of the company’s stock valued at $10,837,000 after acquiring an additional 946,910 shares during the period. Citigroup Inc. grew its position in Smart Sand by 0.5% during the second quarter. Citigroup Inc. now owns 1,300,206 shares of the company’s stock valued at $11,585,000 after acquiring an additional 6,416 shares during the period. Finally, Vanguard Group Inc. grew its position in Smart Sand by 16.2% during the second quarter. Vanguard Group Inc. now owns 878,645 shares of the company’s stock valued at $7,829,000 after acquiring an additional 122,188 shares during the period. 49.52% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Smart Sand (NASDAQ:SND)

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