Rating Worth Mentioning Today: How Will Smart Sand (NASDAQ:SND) Stock React To Goldman Sachs New Rating Coverage?

November 29, 2016 - By Dolores Ford

Rating Worth Mentioning Today: How Will Smart Sand (NASDAQ:SND) Stock React To Goldman Sachs New Rating Coverage?

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

Analysts at Goldman Sachs initiated coverage on shares of Smart Sand (NASDAQ:SND) in a an analyst note revealed to investors and clients on Tuesday, 29 November. The firm set a Buy rating on the $421.79M market cap company.

The stock decreased 1.69% or $0.21 on November 29, hitting $12.18. About 185,871 shares traded hands. Smart Sand Inc (NASDAQ:SND) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

Smart Sand, Inc. is a producer of Northern White raw frac sand. The company has a market cap of $421.79 million. The Firm sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. It has a 0.12 P/E ratio. 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.

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.

More notable recent Smart Sand Inc (NASDAQ:SND) news were published by: Globenewswire.com which released: “Smart Sand, Inc. Commences Initial Public Offering” on October 25, 2016, also Jsonline.com with their article: “Smart Sand files for initial public offering” published on September 19, 2016, Globenewswire.com published: “Smart Sand, Inc. Prices Initial Public Offering of Common Stock” on November 04, 2016. More interesting news about Smart Sand Inc (NASDAQ:SND) were released by: 247Wallst.com and their article: “Smart Sand Announces Potential Pricing for IPO” published on October 25, 2016 as well as Globenewswire.com‘s news article titled: “Smart Sand, Inc. (Nasdaq: SND) to Ring The Nasdaq Stock Market Opening Bell in …” with publication date: November 04, 2016.

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