Smart Sand Inc (SND) PT Set at $7.00 by Jefferies Group LLC


Smart Sand Inc (SND) PT Set at $7.00 by Jefferies Group LLC
  1. Smart Sand Inc (SND) PT Set at $7.00 by Jefferies Group LLC
    americanbankingnews.com
    Smart Sand Inc (NYSE:SND) received a $7.00 price objective from research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s target price suggests a potential upside of 3.86% from the stock’s current price. Other research analysts have…
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Smart Sand Inc (NYSE:SND) received a $7.00 price objective from research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s target price suggests a potential upside of 3.86% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Saturday, September 9th. Credit Suisse Group cut Smart Sand from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $8.50 in a report on Thursday, July 20th. Piper Jaffray Companies reiterated a “buy” rating on shares of Smart Sand in a report on Thursday, September 21st. BidaskClub upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, Janney Montgomery Scott started coverage on Smart Sand in a report on Thursday, June 15th. They issued a “buy” rating and a $13.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $14.64.

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Smart Sand (SND) traded down 3.85% during midday trading on Thursday, hitting $6.74. The stock had a trading volume of 624,625 shares. Smart Sand has a 12-month low of $5.82 and a 12-month high of $21.99. The firm has a 50-day moving average of $6.80 and a 200-day moving average of $6.80. The company has a market cap of $272.11 million and a PE ratio of 11.23.

Smart Sand (NYSE:SND) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The company had revenue of $29.79 million during the quarter, compared to analysts’ expectations of $29.88 million. Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. Smart Sand’s revenue for the quarter was up 250.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) earnings per share. Equities research analysts forecast that Smart Sand will post $0.31 EPS for the current year.

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In other news, CEO Charles Edwin Young purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $5.18 per share, for a total transaction of $518,000.00. Following the completion of the purchase, the chief executive officer now directly owns 140,600 shares of the company’s stock, valued at $728,308. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Kiszka purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were purchased at an average price of $5.53 per share, for a total transaction of $55,300.00. Following the completion of the purchase, the vice president now directly owns 110,629 shares of the company’s stock, valued at $611,778.37. The disclosure for this purchase can be found here. Insiders purchased 132,000 shares of company stock worth $685,960 over the last quarter.

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Smart Sand by 1,651.3% during the second quarter.…

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