Smart Sand (NASDAQ:SND) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Smart Sand (NASDAQ:SND) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Smart Sand Stock Up 1.4 %

Shares of Smart Sand stock opened at $2.10 on Wednesday. The business’s 50 day simple moving average is $2.32 and its 200 day simple moving average is $2.23. Smart Sand has a 52-week low of $1.73 and a 52-week high of $2.80. The firm has a market cap of $90.13 million, a PE ratio of -15.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71.

Smart Sand (NASDAQ:SND) last announced its earnings results on Monday, March 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Smart Sand had a negative return on equity of 1.74% and a negative net margin of 1.96%. The business had revenue of $91.36 million for the quarter, compared to analyst estimates of $65.90 million. On average, analysts predict that Smart Sand will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smart Sand

A number of hedge funds and other institutional investors have recently bought and sold shares of SND. Geode Capital Management LLC increased its position in shares of Smart Sand by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock worth $839,000 after purchasing an additional 5,540 shares during the last quarter. Empowered Funds LLC increased its position in shares of Smart Sand by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after purchasing an additional 7,236 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Smart Sand by 33.6% during the 4th quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock worth $247,000 after purchasing an additional 27,664 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of Smart Sand during the 3rd quarter worth approximately $85,000. Finally, Quartz Partners LLC acquired a new position in shares of Smart Sand during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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.