BidaskClub lowered shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) from a buy rating to a hold rating in a research note released on Tuesday, October 17th.
Other analysts have also issued research reports about the company. Johnson Rice lowered Fairmount Santrol Holdings from a buy rating to an accumulate rating and cut their price objective for the company from $10.00 to $6.00 in a report on Thursday, June 22nd. Jefferies Group LLC cut their price objective on Fairmount Santrol Holdings from $8.00 to $5.00 and set a buy rating for the company in a report on Monday, August 28th. Piper Jaffray Companies reaffirmed a buy rating and set a $4.50 target price on shares of Fairmount Santrol Holdings in a report on Monday, August 7th. Cowen and Company set a $6.00 target price on Fairmount Santrol Holdings and gave the company a buy rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $6.85.
Fairmount Santrol Holdings (FMSA) traded up $0.12 during trading hours on Tuesday, hitting $4.73. The stock had a trading volume of 2,875,127 shares, compared to its average volume of 4,438,514. Fairmount Santrol Holdings has a 12 month low of $2.46 and a 12 month high of $13.12. The company has a market capitalization of $1,030.77, a PE ratio of 115.00 and a beta of 2.06. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.75 and a current ratio of 3.29.
Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.24% and a net margin of 1.69%. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. equities analysts expect that Fairmount Santrol Holdings will post 0.27 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Point72 Asia Hong Kong Ltd increased its position in Fairmount Santrol Holdings by 1,014.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,253 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 12,974 shares during the last quarter. Principal Financial Group Inc. increased its position in Fairmount Santrol Holdings by 183.3% in the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 20,128 shares during the last quarter. BB&T Securities LLC increased its holdings in shares of Fairmount Santrol Holdings by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 23,200 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Fairmount Santrol Holdings during the 2nd quarter valued at about $140,000. Finally, White Pine Capital LLC acquired a new position in shares of Fairmount Santrol Holdings during the 2nd quarter valued at about $140,000. 83.86% of the stock is currently owned by institutional investors.
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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