Smart Sand (NASDAQ:SND) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Smart Sand (NASDAQ:SNDGet Rating) from a buy rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “Smart Sand, Inc. is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. Smart Sand, Inc. is headquartered in the Woodlands, Texas. “

Separately, StockNews.com started coverage on Smart Sand in a research note on Sunday, April 3rd. They set a hold rating for the company.

Shares of SND stock opened at $3.47 on Wednesday. The stock has a 50 day simple moving average of $3.79 and a 200-day simple moving average of $2.72. Smart Sand has a 12-month low of $1.73 and a 12-month high of $4.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.21.

Smart Sand (NASDAQ:SNDGet Rating) last issued its earnings results on Wednesday, May 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.09. Smart Sand had a negative return on equity of 21.01% and a negative net margin of 37.42%. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Sell-side analysts expect that Smart Sand will post -0.32 earnings per share for the current year.

In related news, insider James Douglas Young sold 24,926 shares of the business’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $3.23, for a total value of $80,510.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew R. Speaker sold 50,000 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $2.99, for a total transaction of $149,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,008 shares of company stock valued at $414,029. Company insiders own 50.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Smart Sand by 1.1% in the 4th quarter. BlackRock Inc. now owns 599,306 shares of the company’s stock valued at $1,066,000 after purchasing an additional 6,344 shares in the last quarter. THRC Management LLC acquired a new position in shares of Smart Sand during the 4th quarter valued at about $793,000. EAM Investors LLC acquired a new position in shares of Smart Sand during the 1st quarter valued at about $1,032,000. Geode Capital Management LLC increased its stake in shares of Smart Sand by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 277,751 shares of the company’s stock valued at $680,000 after acquiring an additional 17,638 shares during the last quarter. Finally, Atlas Private Wealth Advisors acquired a new position in shares of Smart Sand during the 1st quarter valued at about $300,000. Institutional investors own 39.49% of the company’s stock.

About Smart Sand (Get Rating)

Smart Sand, Inc, an integrated frac 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 logistics services; and SmartSystems, a wellsite proppant storage solution.

Featured Articles

Get a free copy of the Zacks research report on Smart Sand (SND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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