Analysts Set Smart Sand Inc (SND) Target Price at $6.86

Shares of Smart Sand Inc (NASDAQ:SND) have earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.86.

Several brokerages have weighed in on SND. Credit Suisse Group cut shares of Smart Sand from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $5.50 to $2.00 in a research report on Monday, November 12th. ValuEngine cut shares of Smart Sand from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Zacks Investment Research cut shares of Smart Sand from a “hold” rating to a “sell” rating in a research report on Saturday, February 16th. Finally, Piper Jaffray Companies cut shares of Smart Sand from an “overweight” rating to a “neutral” rating and set a $4.00 price target for the company. in a research report on Tuesday, November 13th.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Smart Sand by 5.0% in the 2nd quarter. BlackRock Inc. now owns 1,441,858 shares of the company’s stock worth $7,657,000 after purchasing an additional 68,674 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Smart Sand by 268.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock worth $3,862,000 after purchasing an additional 529,904 shares in the last quarter. Creative Planning bought a new position in Smart Sand in the 3rd quarter worth $302,000. Shufro Rose & Co. LLC bought a new position in Smart Sand in the 3rd quarter worth $592,000. Finally, Victory Capital Management Inc. raised its holdings in Smart Sand by 139.8% in the 3rd quarter. Victory Capital Management Inc. now owns 41,916 shares of the company’s stock worth $172,000 after purchasing an additional 24,439 shares in the last quarter. 37.80% of the stock is owned by institutional investors and hedge funds.

Shares of Smart Sand stock opened at $3.00 on Tuesday. Smart Sand has a 52-week low of $1.92 and a 52-week high of $8.19. The firm has a market capitalization of $133.95 million, a PE ratio of 9.38 and a beta of 2.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.19.

About Smart Sand

Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.

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Analyst Recommendations for Smart Sand (NASDAQ:SND)

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