Fairmount Santrol Holdings Inc. (NYSE:FMSA) Upgraded to “Hold” at Zacks Investment Research

Fairmount Santrol Holdings Inc. (NYSE:FMSA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, November 7th.

According to Zacks, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio. “

FMSA has been the topic of several other research reports. Cowen Inc set a $6.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a research report on Wednesday, October 18th. BidaskClub upgraded shares of Fairmount Santrol from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies restated a “buy” rating and issued a $4.50 target price on shares of Fairmount Santrol in a research report on Monday, August 7th. Credit Suisse Group lifted their price target on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, Citigroup Inc. lifted their target price on shares of Fairmount Santrol from $4.25 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.31.

Shares of Fairmount Santrol (FMSA) traded down $0.14 during mid-day trading on Tuesday, hitting $5.12. 2,430,000 shares of the stock were exchanged, compared to its average volume of 4,410,000. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52. The company has a market cap of $1,150.00, a PE ratio of 128.00 and a beta of 2.06. Fairmount Santrol has a 12 month low of $2.46 and a 12 month high of $13.12.

Fairmount Santrol (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company had revenue of $280.05 million for the quarter, compared to analysts’ expectations of $264.02 million. During the same period in the prior year, the firm earned ($0.11) EPS. Fairmount Santrol’s quarterly revenue was up 107.8% compared to the same quarter last year. research analysts anticipate that Fairmount Santrol will post 0.28 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its holdings in shares of Fairmount Santrol by 47.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 69,148 shares of the industrial products company’s stock worth $507,000 after buying an additional 22,409 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fairmount Santrol by 20.5% in the 1st quarter. JPMorgan Chase & Co. now owns 434,921 shares of the industrial products company’s stock worth $3,188,000 after buying an additional 73,850 shares during the last quarter. American International Group Inc. increased its holdings in shares of Fairmount Santrol by 45.4% in the 1st quarter. American International Group Inc. now owns 55,080 shares of the industrial products company’s stock worth $404,000 after buying an additional 17,211 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Fairmount Santrol by 90.4% in the 1st quarter. Alliancebernstein L.P. now owns 147,220 shares of the industrial products company’s stock worth $1,079,000 after buying an additional 69,900 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Fairmount Santrol by 1,333.9% in the 1st quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock worth $3,251,000 after buying an additional 412,604 shares during the last quarter. 84.07% of the stock is currently owned by institutional investors and hedge funds.

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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.

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