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.
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