Rating to Follow: Goldman Sachs Initiates “Buy” Rating, $17.00 Price Target On Smart Sand (SND)

November 29, 2016 - By Nellie Frank

Why Goldman Sachs Gives Smart Sand (SND) $17.00 Price Target

In a a research note issued to investors and clients on Tuesday morning, analysts at Goldman Sachs has initiated coverage on shares of Smart Sand (SND). The firm set a “Buy” rating with $17.00, giving -75.83% to target.

The stock increased 1.93% or $1.33 on November 29, hitting $70.33. About 31,161 shares traded hands. Sanderson Group plc (SND) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

Sanderson Group PLC is a well-known provider of software solutions and information technology (IT) services. The company has a market cap of 38.54 million GBP. The Firm operates through two divisions: multi-channel retail and manufacturing. It has a 19.85 P/E ratio. The Company’s products are categorized into multi-channel software, wholesale distribution software, food and drink enterprise resource planning (ERP) software, and manufacturing resource planning (MRP)/ERP software.

According to Zacks Investment Research, “Smart Sand, Inc. is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. Smart Sand, Inc. is headquartered in the Woodlands, Texas.”

SND Company Profile

Smart Sand, Inc. is a producer of Northern White raw frac sand. The Firm sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. The Firm owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin, at which it has approximately 244 million tons of proven recoverable sand reserves and approximately 92 million tons of probable recoverable sand reserves as of December 31, 2015, respectively. The Company’s Oakdale facility is situated on approximately 1,196 contiguous acres, with on-site processing and rail loading facilities. The Company’s integrated Oakdale facility, with on-site rail infrastructure and wet and dry sand processing facilities, is served by two Class I rail lines. In addition to the Oakdale facility, it owns a second property in Jackson County, Wisconsin, which it calls the Hixton site. The Company’s Hixton site consists of approximately 959 acres in Jackson County, Wisconsin.

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