Smart Sand with ticker code (SND) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 4 and 2.15 calculating the average target price we see 3.08. With the stocks previous close at 3.16 this would indicate that there is a downside of -2.5%. The day 50 moving average is 3.79 and the 200 day MA is 2.63. The market capitalisation for the company is $155m. Company Website: https://www.smartsand.com
The potential market cap would be $151m based on the market concensus.
Smart Sand, an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite proppant storage solution. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As of December 31, 2021, it had approximately 250 million tons of proven and probable recoverable sand reserves. Smart Sand was incorporated in 2011 and is headquartered in The Woodlands, Texas.
