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. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As of December 31, 2021, it had approximately 250 million tons of proven and probable recoverable sand reserves. Smart Sand, Inc. was incorporated in 2011 and is headquartered in The Woodlands, Texas.
Analysts Set New Price Targets
Separately, Piper Sandler boosted their price target on Smart Sand from $2.15 to $3.00 and gave the company an "underweight" rating in a research note on Thursday, May 19th.
Smart Sand Trading Down 6.1 %
Shares of Smart Sand stock traded down $0.13 on Monday, reaching $2.01. 332 shares of the company's stock were exchanged, compared to its average volume of 332,242. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.21. Smart Sand has a 52 week low of $1.70 and a 52 week high of $4.95. The firm's 50-day moving average is $2.25 and its two-hundred day moving average is $2.97. The company has a market capitalization of $91.04 million, a P/E ratio of -3.57 and a beta of 1.41.
Insider Activity at Smart Sand
In related news, COO William John Young sold 10,954 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $3.42, for a total value of $37,462.68. Following the completion of the sale, the chief operating officer now directly owns 291,677 shares of the company's stock, valued at approximately $997,535.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Smart Sand news, CFO Lee E. Beckelman sold 21,404 shares of Smart Sand stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $3.30, for a total transaction of $70,633.20. Following the completion of the transaction, the chief financial officer now owns 410,629 shares of the company's stock, valued at approximately $1,355,075.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William John Young sold 10,954 shares of Smart Sand stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $3.42, for a total value of $37,462.68. Following the transaction, the chief operating officer now directly owns 291,677 shares of the company's stock, valued at approximately $997,535.34. The disclosure for this sale can be found here. In the last three months, insiders sold 2,642,712 shares of company stock valued at $8,419,798. 49.40% of the stock is owned by insiders.