Fairmount Santrol (NYSE:FMSA) Cut to Sell at Zacks Investment Research

Fairmount Santrol (NYSE:FMSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, January 8th.

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. “

Several other analysts also recently weighed in on the stock. Credit Suisse Group lifted their price target on shares of Fairmount Santrol from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Guggenheim raised shares of Fairmount Santrol from a “neutral” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Monday, December 18th. Royal Bank of Canada set a $7.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Thursday, December 21st. Citigroup lifted their price target on shares of Fairmount Santrol from $4.25 to $6.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, BidaskClub raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.95.

Fairmount Santrol (FMSA) traded down $0.21 on Monday, reaching $5.84. The company had a trading volume of 3,831,900 shares, compared to its average volume of 3,220,230. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $1,310.00, a price-to-earnings ratio of 116.80 and a beta of 2.11. Fairmount Santrol has a 12 month low of $2.46 and a 12 month high of $13.12.

Fairmount Santrol (NYSE:FMSA) last announced its quarterly earnings data 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 business had revenue of $280.05 million during the quarter, compared to the consensus estimate of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The firm’s quarterly revenue was up 107.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. analysts predict that Fairmount Santrol will post 0.29 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FMSA. ING Groep NV purchased a new stake in Fairmount Santrol during the 3rd quarter valued at about $24,846,000. Elliott Management Corp purchased a new stake in shares of Fairmount Santrol in the 2nd quarter valued at approximately $18,720,000. Think Investments LP purchased a new stake in shares of Fairmount Santrol in the 3rd quarter valued at approximately $17,643,000. State Street Corp grew its stake in shares of Fairmount Santrol by 50.9% in the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after buying an additional 1,540,859 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in shares of Fairmount Santrol in the 2nd quarter valued at approximately $5,690,000. 75.29% of the stock is owned by institutional investors.

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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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