Cowen reiterated their buy rating on shares of Fairmount Santrol (NYSE:FMSA) in a research note published on Friday, March 9th. They currently have a $6.00 price target on the industrial products company’s stock.
FMSA has been the subject of several other research reports. Credit Suisse Group decreased their target price on Fairmount Santrol from $6.00 to $5.00 and set a neutral rating for the company in a research report on Friday, March 9th. Zacks Investment Research downgraded Fairmount Santrol from a hold rating to a sell rating in a research note on Monday, January 8th. Barclays increased their target price on Fairmount Santrol from $4.00 to $5.00 and gave the company an equal weight rating in a research note on Monday, November 20th. TheStreet upgraded Fairmount Santrol from a d+ rating to a c- rating in a research note on Tuesday, November 21st. Finally, Guggenheim upgraded Fairmount Santrol from a neutral rating to a buy rating and set a $7.00 price target on the stock in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $5.95.
Shares of FMSA traded down $0.03 during midday trading on Friday, reaching $4.22. The stock had a trading volume of 2,009,131 shares, compared to its average volume of 2,760,812. Fairmount Santrol has a 12-month low of $2.46 and a 12-month high of $7.71. The company has a current ratio of 2.14, a quick ratio of 1.73 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $953.47, a P/E ratio of 17.58 and a beta of 2.17.
Fairmount Santrol (NYSE:FMSA) last released its earnings results on Thursday, March 8th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $273.90 million during the quarter, compared to the consensus estimate of $279.50 million. Fairmount Santrol had a net margin of 5.60% and a return on equity of 20.31%. The company’s revenue was up 94.9% on a year-over-year basis. During the same period last year, the firm posted ($0.09) EPS. equities research analysts predict that Fairmount Santrol will post 0.63 EPS for the current year.
In related news, insider Jenniffer D. Deckard sold 6,450 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $4.46, for a total transaction of $28,767.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Conway purchased 50,000 shares of Fairmount Santrol stock in a transaction that occurred on Wednesday, March 14th. The shares were bought at an average price of $4.26 per share, with a total value of $213,000.00. Following the transaction, the director now owns 56,549 shares in the company, valued at $240,898.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 56,600 shares of company stock worth $240,570 and sold 28,626 shares worth $128,051. 9.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in Fairmount Santrol in the 4th quarter valued at about $419,000. Millennium Management LLC grew its stake in shares of Fairmount Santrol by 158.4% in the 4th quarter. Millennium Management LLC now owns 10,112,026 shares of the industrial products company’s stock valued at $52,886,000 after buying an additional 6,198,262 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Fairmount Santrol by 437.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,350 shares of the industrial products company’s stock valued at $159,000 after buying an additional 24,700 shares during the period. Credit Capital Investments LLC purchased a new stake in shares of Fairmount Santrol in the 4th quarter valued at approximately $1,229,000. Finally, Deutsche Bank AG boosted its position in shares of Fairmount Santrol by 40.1% during the 4th quarter. Deutsche Bank AG now owns 426,265 shares of the industrial products company’s stock worth $2,228,000 after purchasing an additional 121,936 shares during the period. Institutional investors own 74.74% of the company’s stock.
About Fairmount Santrol
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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