Fairmount Santrol (FMSA) Given Hold Rating at B. Riley

B. Riley reiterated their hold rating on shares of Fairmount Santrol (NYSE:FMSA) in a research report released on Wednesday. The firm currently has a $6.00 target price on the industrial products company’s stock. B. Riley also issued estimates for Fairmount Santrol’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.58 EPS and FY2019 earnings at $0.53 EPS.

FMSA has been the topic of a number of other reports. Barclays increased their price objective on shares of Fairmount Santrol from $4.00 to $5.00 and gave the company an equal weight rating in a research note on Monday, November 20th. Cowen 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. TheStreet upgraded shares of Fairmount Santrol from a d+ rating to a c- rating in a research report on Tuesday, November 21st. BidaskClub upgraded shares of Fairmount Santrol from a sell rating to a hold rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group raised their price target on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. Fairmount Santrol presently has a consensus rating of Hold and a consensus price target of $6.39.

Fairmount Santrol (NYSE FMSA) traded down $0.02 during midday trading on Wednesday, reaching $5.09. 6,186,100 shares of the company’s stock were exchanged, compared to its average volume of 5,886,417. Fairmount Santrol has a 12-month low of $2.46 and a 12-month high of $13.12. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The company has a market cap of $1,145.11, a P/E ratio of 127.75 and a beta of 2.11.

Fairmount Santrol (NYSE:FMSA) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.15 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 firm had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. During the same period in the prior year, the firm posted ($0.11) EPS. The firm’s revenue was up 107.8% compared to the same quarter last year. research analysts predict that Fairmount Santrol will post 0.29 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Fairmount Santrol in the 3rd quarter worth about $101,000. GSA Capital Partners LLP increased its holdings in shares of Fairmount Santrol by 92.3% in the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 10,726 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Fairmount Santrol by 80.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 12,400 shares during the period. FineMark National Bank & Trust acquired a new stake in shares of Fairmount Santrol in the 3rd quarter worth about $143,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Fairmount Santrol 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 acquiring an additional 20,128 shares during the period. 75.37% 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.

Analyst Recommendations for Fairmount Santrol (NYSE:FMSA)

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