Smart Sand (NASDAQ:SND) Rating Increased to Buy at Wall Street Zen

Key Points

• Smart Sand's rating has been upgraded from "hold" to "buy" by Wall Street Zen, suggesting increased investor confidence in the stock.
• The company reported earnings of ($0.01) per share for the previous quarter, beating analysts' expectations of ($0.03) and achieving $85.77 million in revenue against a consensus estimate of $60 million.
• Institutional investors currently own 35.21% of Smart Sand's stock, with notable recent increases in stakes by several hedge funds.

Smart Sand (NASDAQ:SND - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Smart Sand Trading Up 1.6%

Shares of NASDAQ SND opened at $1.90 on Friday. The company has a market cap of $82.76 million, a price-to-earnings ratio of 190.00 and a beta of 0.83. Smart Sand has a 12-month low of $1.76 and a 12-month high of $2.80. The company has a current ratio of 1.86, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock's 50 day simple moving average is $2.00 and its 200 day simple moving average is $2.10.

Smart Sand (NASDAQ:SND - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The firm had revenue of $85.77 million for the quarter, compared to the consensus estimate of $60.00 million. Smart Sand had a negative return on equity of 8.83% and a net margin of 0.26%. Equities research analysts expect that Smart Sand will post 0.07 EPS for the current year.

Institutional Trading of Smart Sand

Several hedge funds have recently added to or reduced their stakes in SND. LPL Financial LLC bought a new stake in Smart Sand during the 4th quarter valued at $25,000. Geode Capital Management LLC raised its stake in Smart Sand by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 433,251 shares of the company's stock valued at $975,000 after acquiring an additional 7,447 shares in the last quarter. Renaissance Technologies LLC raised its stake in Smart Sand by 88.8% during the 4th quarter. Renaissance Technologies LLC now owns 390,679 shares of the company's stock valued at $879,000 after acquiring an additional 183,779 shares in the last quarter. NewEdge Advisors LLC raised its stake in Smart Sand by 533,771.4% during the 4th quarter. NewEdge Advisors LLC now owns 37,371 shares of the company's stock valued at $84,000 after acquiring an additional 37,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Smart Sand by 30.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 506,974 shares of the company's stock valued at $1,140,000 after acquiring an additional 118,370 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.

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