Johnson Rice Downgraded Smart Sand (SND)’s Rating From “Buy” To “Hold”.

June 27, 2018 - By Stephany Jackson

Johnson Rice Cut Smart Sand (SND)’s Rating to “Hold”.

It was published on Tuesday morning that Johnson Rice decreased Smart Sand (SND)‘s rating to “Hold”. SND’s old rating was “Buy”.

Smart Sand, Inc. (NASDAQ:SND) Ratings Coverage

In total 6 analysts cover Smart Sand (SND). “Buy” rating has 3, “Sell” are 0, while 3 are “Hold”. (SND) has 50% bullish analysts. 7 are the (SND)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, January 2 the stock of Smart Sand, Inc. (NASDAQ:SND) has “Neutral” rating given by Janney Capital. On Monday, March 19 the company was maintained by Deutsche Bank. The stock rating was maintained by Piper Jaffray with “Buy” on Friday, March 16. On Friday, March 16 the firm has “Neutral” rating given by Credit Suisse. The company rating was maintained by Piper Jaffray on Wednesday, January 10. On Tuesday, June 26 the rating was downgraded by Johnson Rice to “Hold”. The stock rating was maintained by Seaport Global with “Buy” on Monday, March 19.

The stock decreased 0.38% or $0.02 during the last trading session, reaching $5.19.Currently Smart Sand, Inc. is downtrending after 40.34% change in last June 27, 2017. SND has also 450,795 shares volume. SND underperformed by 52.91% the S&P 500.

On August, 9 WallStreet expected Smart Sand, Inc. (NASDAQ:SND)’s earnings release, as reported by Faxor. Analysts predict $0.21 EPS, which is $0.15 up or 250.00 % from 2017’s $0.06 EPS. In case of $0.21 EPS SND’s profit could hit $8.69M. After $0.02 EPS was reported last quarter, analysts now see EPS growth of 950.00 % for Smart Sand, Inc..

Smart Sand, Inc. engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing activities in the gas and oil industry in the United States.The firm is worth $214.76 million. The firm sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.The P/E ratio is 9.83. As of December 31, 2017, it had approximately 321 million tons of proven recoverable sand reserves.

There’s a significant Smart Sand, Inc. (NASDAQ:SND) news announced by Globenewswire.com. It’s an article titled: “Smart Sand Completes Acquisition of Quickthree Solutions” on June 04, 2018.

Smart Sand, Inc. (NASDAQ:SND) Analyst Ratings Chart

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