Fairmount Santrol (FMSA) Stock Rating Upgraded by Zacks Investment Research

Fairmount Santrol (NYSE:FMSA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

A number of other equities analysts have also recently issued reports on the stock. Scotia Howard Weill restated a “sector perform” rating on shares of Fairmount Santrol in a research report on Friday, January 12th. Howard Weil cut shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Cowen set a $6.00 target price on shares of Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, January 11th. Piper Jaffray Companies set a $6.00 target price on shares of Fairmount Santrol and gave the stock a “buy” rating in a research report on Monday, January 1st. Finally, Royal Bank of Canada set a $7.00 price objective on shares of Fairmount Santrol and gave the company a “buy” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.95.

Fairmount Santrol (FMSA) opened at $5.89 on Wednesday. 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 cap of $1,320.00, a PE ratio of 117.80 and a beta of 2.11. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12.

Fairmount Santrol (NYSE:FMSA) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $280.05 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted ($0.11) earnings per share. equities analysts expect that Fairmount Santrol will post 0.29 EPS for the current year.

Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Fairmount Santrol by 18.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 752,210 shares of the industrial products company’s stock worth $3,935,000 after purchasing an additional 117,818 shares during the last quarter. Creative Planning acquired a new position in Fairmount Santrol during the fourth quarter worth approximately $335,000. NEXT Financial Group Inc increased its position in Fairmount Santrol by 86.2% during the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 11,200 shares during the last quarter. Bank of Montreal Can increased its position in Fairmount Santrol by 1,537.2% during the fourth quarter. Bank of Montreal Can now owns 27,308 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 25,640 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares during the last quarter. 75.29% of the stock is 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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