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.
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.
TRADEMARK VIOLATION WARNING: This story was published by Enterprise Leader and is owned by of Enterprise Leader. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://theenterpriseleader.com/2018/04/02/fairmount-santrol-holdings-inc-fmsa-receives-5-95-average-price-target-from-brokerages.html.
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.
Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.