Fairmount Santrol Holdings Inc. (FMSA) Receives Average Recommendation of “Hold” from Analysts

Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) have been given an average recommendation of “Hold” by the twenty brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.70.

Several research analysts recently commented on the company. ValuEngine downgraded Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Jefferies Group LLC set a $8.00 target price on Fairmount Santrol Holdings and gave the company a “buy” rating in a report on Tuesday, June 6th. Guggenheim cut Fairmount Santrol Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. BidaskClub raised Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Evercore ISI initiated coverage on Fairmount Santrol Holdings in a research report on Thursday, May 25th. They set an “in-line” rating and a $6.00 target price on the stock.

Hedge funds have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd boosted its stake in Fairmount Santrol Holdings by 1,014.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock valued at $104,000 after buying an additional 12,974 shares in the last quarter. Schnieders Capital Management LLC raised its position in shares of Fairmount Santrol Holdings by 46.7% in the first quarter. Schnieders Capital Management LLC now owns 15,700 shares of the industrial products company’s stock worth $115,000 after buying an additional 5,000 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Fairmount Santrol Holdings by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after buying an additional 20,128 shares during the last quarter. Clinton Group Inc. purchased a new position in shares of Fairmount Santrol Holdings during the first quarter worth about $132,000. Finally, BB&T Securities LLC raised its position in shares of Fairmount Santrol Holdings by 216.8% in the second quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after buying an additional 23,200 shares during the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.

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Shares of Fairmount Santrol Holdings (FMSA) traded down 0.72% during midday trading on Friday, reaching $2.76. 246,906 shares of the company’s stock traded hands. Fairmount Santrol Holdings has a one year low of $2.51 and a one year high of $13.12. The company has a 50-day moving average of $3.30 and a 200-day moving average of $6.46. The company’s market capitalization is $618.28 million.

Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 28.04% and a negative net margin of 6.11%. The business had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.16 million. During the same quarter in the prior year, the firm posted ($0.54) EPS. The business’s quarterly revenue was up 104.2% compared to the same quarter last year. Equities research analysts anticipate that Fairmount Santrol Holdings will post $0.27 EPS for the current year.

Fairmount Santrol Holdings Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Analyst Recommendations for Fairmount Santrol Holdings (NYSE:FMSA)

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