Smart Sand Inc (SND) Expected to Earn Q1 2017 Earnings of $0.04 Per Share

Smart Sand Inc (NYSE:SND) – Equities research analysts at Jefferies Group reduced their Q1 2017 earnings estimates for shares of Smart Sand in a research note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst B. Handler now forecasts that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.15. Jefferies Group has a “Buy” rating and a $22.00 price objective on the stock. Jefferies Group also issued estimates for Smart Sand’s Q2 2017 earnings at $0.09 EPS, Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.40 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.95 EPS.

SND has been the subject of a number of other research reports. Johnson Rice initiated coverage on Smart Sand in a report on Monday, January 9th. They set an “accumulate” rating and a $20.00 price target for the company. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, February 1st. Goldman Sachs Group Inc cut Smart Sand from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a report on Friday, January 20th. Finally, Simmons lifted their price target on Smart Sand from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, April 11th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.53.

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Shares of Smart Sand (NYSE:SND) traded down 2.17% on Friday, hitting $12.61. The stock had a trading volume of 522,967 shares. The company has a market capitalization of $511.83 million and a P/E ratio of 30.02. Smart Sand has a one year low of $10.30 and a one year high of $21.99. The firm has a 50 day moving average price of $14.90 and a 200 day moving average price of $15.52.

Smart Sand (NYSE:SND) last issued its quarterly earnings results on Thursday, March 16th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $29.45 million for the quarter, compared to analysts’ expectations of $29.75 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The business’s quarterly revenue was up 94.1% compared to the same quarter last year.

In other news, insider Susan E. Neumann sold 2,402 shares of Smart Sand stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $17.50, for a total value of $42,035.00. Following the completion of the sale, the insider now directly owns 33,254 shares in the company, valued at $581,945. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles Edwin Young sold 1,302,927 shares of Smart Sand stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $17.50, for a total transaction of $22,801,222.50. The disclosure for this sale can be found here. Insiders have sold 3,824,163 shares of company stock valued at $64,704,840 over the last 90 days.

Hedge funds have recently bought and sold shares of the company. GLG Partners LP bought a new stake in Smart Sand during the fourth quarter worth $2,724,000. FMR LLC bought a new stake in Smart Sand during the fourth quarter worth $24,331,000. Tudor Investment Corp Et Al bought a new stake in Smart Sand during the fourth quarter worth $201,000. Russell Investments Group Ltd. bought a new stake in Smart Sand during the fourth quarter worth $2,216,000. Finally, Hawkins Capital L.P. bought a new stake in Smart Sand during the fourth quarter worth $297,000.

About Smart Sand

Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.

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