Weiss Ratings Reiterates Sell (D+) Rating for Smart Sand (NASDAQ:SND)

Smart Sand (NASDAQ:SND)‘s stock had its “sell (d+)” rating restated by investment analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Smart Sand presently has a consensus rating of “Sell”.

Smart Sand Stock Up 0.4%

SND opened at $2.24 on Friday. The stock’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $2.01. Smart Sand has a 1-year low of $1.76 and a 1-year high of $2.80. The stock has a market cap of $97.57 million, a PE ratio of 224.00 and a beta of 0.78. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $85.77 million during the quarter, compared to analysts’ expectations of $60.00 million. Smart Sand had a net margin of 0.26% and a negative return on equity of 8.83%. As a group, research analysts expect that Smart Sand will post 0.07 earnings per share for the current year.

Insider Activity

In other Smart Sand news, CEO Charles Edwin Young purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average cost of $1.91 per share, for a total transaction of $38,200.00. Following the completion of the purchase, the chief executive officer owned 1,477,628 shares of the company’s stock, valued at approximately $2,822,269.48. The trade was a 1.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 39,031 shares of company stock valued at $74,421 over the last three months. Insiders own 32.30% of the company’s stock.

Institutional Trading of Smart Sand

A number of institutional investors have recently bought and sold shares of SND. Gendell Jeffrey L grew its position in shares of Smart Sand by 18.1% during the 2nd quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company’s stock worth $4,100,000 after purchasing an additional 312,789 shares in the last quarter. Acadian Asset Management LLC grew its position in Smart Sand by 16.0% during the first quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock worth $2,132,000 after buying an additional 113,612 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Smart Sand by 2.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 569,488 shares of the company’s stock worth $1,145,000 after acquiring an additional 14,390 shares during the period. Geode Capital Management LLC increased its stake in Smart Sand by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock worth $893,000 after acquiring an additional 6,551 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Smart Sand by 19.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock valued at $773,000 after acquiring an additional 61,473 shares in the last quarter. Institutional investors own 35.21% of the company’s stock.

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.