Fairmount Santrol (FMSA) Shares Up 2.4%

Shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) shot up 2.4% during mid-day trading on Thursday . The stock traded as high as $5.07 and last traded at $5.12. 1,418,223 shares were traded during trading, a decline of 46% from the average session volume of 2,630,189 shares. The stock had previously closed at $5.00.

Several research firms recently issued reports on FMSA. Scotia Howard Weill reiterated a “sector perform” rating on shares of Fairmount Santrol in a report on Friday, January 12th. Howard Weil downgraded Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Cowen set a $6.00 price target on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada set a $7.00 price target on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.95.

The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 2.28. The stock has a market cap of $1,058.91, a P/E ratio of 20.83 and a beta of 2.17.



Fairmount Santrol (NYSE:FMSA) last posted its earnings results on Thursday, March 8th. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Fairmount Santrol had a net margin of 5.60% and a return on equity of 20.31%. The firm had revenue of $273.90 million during the quarter, compared to analyst estimates of $279.50 million. During the same period in the previous year, the company posted ($0.09) EPS. Fairmount Santrol’s revenue for the quarter was up 94.9% compared to the same quarter last year. equities research analysts predict that Fairmount Santrol Holdings Inc will post 0.63 earnings per share for the current fiscal year.

In other news, insider Jenniffer D. Deckard sold 6,450 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total value of $28,767.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gerald L. Clancey sold 10,477 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.49, for a total value of $47,041.73. The disclosure for this sale can be found here. In the last ninety days, insiders bought 56,600 shares of company stock worth $240,570 and sold 28,626 shares worth $128,051. 9.80% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new stake in Fairmount Santrol during the third quarter worth approximately $101,000. GSA Capital Partners LLP grew its position in Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after buying an additional 10,726 shares in the last quarter. Ferris Capital LLC acquired a new stake in Fairmount Santrol during the fourth quarter worth approximately $126,000. NEXT Financial Group Inc grew its position in Fairmount Santrol by 86.2% during the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after buying an additional 11,200 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in Fairmount Santrol during the fourth quarter worth approximately $135,000. 74.74% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Fairmount Santrol (FMSA) Shares Up 2.4%” was first published by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://dakotafinancialnews.com/2018/04/12/fairmount-santrol-fmsa-shares-up-2-4.html.

Fairmount Santrol Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply