Fairmount Santrol Holdings Inc (FMSA) Receives $5.95 Average Price Target from Brokerages

Fairmount Santrol Holdings Inc (NYSE:FMSA) has received a consensus recommendation of “Hold” from the twenty-five research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.95.

A number of equities research analysts have recently issued reports on FMSA shares. Piper Jaffray reaffirmed a “buy” rating and issued a $6.15 price objective on shares of Fairmount Santrol in a research note on Tuesday, December 26th. Howard Weil cut shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. B. Riley started coverage on shares of Fairmount Santrol in a research note on Thursday, December 7th. They issued a “neutral” rating and a $5.50 price objective for the company. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Fairmount Santrol in a research note on Friday, January 12th. Finally, Seaport Global Securities started coverage on shares of Fairmount Santrol in a research note on Friday, December 8th. They issued a “buy” rating and a $8.00 price objective for the company.

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In other Fairmount Santrol news, EVP Gerald L. Clancey sold 10,477 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.49, for a total value of $47,041.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Conway acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $4.26 per share, with a total value of $213,000.00. Following the completion of the acquisition, the director now directly owns 56,549 shares in the company, valued at approximately $240,898.74. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 56,600 shares of company stock valued at $240,570 and have sold 28,626 shares valued at $128,051. Corporate insiders own 9.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FMSA. Dimensional Fund Advisors LP bought a new position in Fairmount Santrol in the 3rd quarter worth $101,000. GSA Capital Partners LLP raised its holdings in Fairmount Santrol by 92.3% in the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares in the last quarter. Ferris Capital LLC bought a new position in Fairmount Santrol in the 4th quarter worth $126,000. NEXT Financial Group Inc raised its holdings in Fairmount Santrol by 86.2% in the 4th quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Fairmount Santrol by 80.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 12,400 shares in the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.

FMSA stock traded down $0.15 during midday trading on Wednesday, reaching $4.10. The company had a trading volume of 733,590 shares, compared to its average volume of 2,739,621. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.14 and a quick ratio of 1.73. Fairmount Santrol has a 1 year low of $2.46 and a 1 year high of $7.71. The stock has a market cap of $953.47, a PE ratio of 16.96 and a beta of 2.17.

Fairmount Santrol (NYSE:FMSA) last released its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Fairmount Santrol had a return on equity of 20.31% and a net margin of 5.60%. The company had revenue of $273.90 million during the quarter, compared to analysts’ expectations of $279.50 million. During the same period in the prior year, the firm earned ($0.09) EPS. Fairmount Santrol’s quarterly revenue was up 94.9% on a year-over-year basis. research analysts expect that Fairmount Santrol will post 0.63 EPS for the current fiscal year.

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Fairmount Santrol 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 (NYSE:FMSA)

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