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.
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.
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