Smart Sand (NASDAQ:SND) Upgraded to “Strong-Buy” at Wall Street Zen

Smart Sand (NASDAQ:SND) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Smart Sand presently has a consensus rating of “Hold”.

Smart Sand Stock Performance

Shares of NASDAQ SND opened at $3.39 on Friday. The company has a 50 day simple moving average of $2.79 and a two-hundred day simple moving average of $2.28. The stock has a market cap of $147.60 million, a price-to-earnings ratio of 37.67 and a beta of 0.38. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. Smart Sand has a 12 month low of $1.76 and a 12 month high of $4.51.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. The firm had revenue of $0.09 million for the quarter, compared to analyst estimates of $60.00 million. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. As a group, analysts predict that Smart Sand will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On Smart Sand

Several hedge funds have recently added to or reduced their stakes in SND. Goldman Sachs Group Inc. acquired a new stake in Smart Sand during the first quarter worth approximately $26,000. Bailard Inc. purchased a new position in shares of Smart Sand in the 2nd quarter valued at $50,000. Sei Investments Co. purchased a new position in shares of Smart Sand in the 2nd quarter valued at $82,000. Everstar Asset Management LLC acquired a new stake in Smart Sand during the 1st quarter worth $141,000. Finally, Jane Street Group LLC lifted its position in Smart Sand by 348.8% in the first quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock valued at $210,000 after acquiring an additional 62,961 shares during the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

About Smart Sand

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.