Fairmount Santrol Holdings Inc (FMSA) is Upgraded by Cowen to Outperform, Raises Price Target to $ 8.50

Fairmount Santrol Holdings Inc (FMSA) was Upgraded by Cowen to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 8.50 from a previous price target of $4 . Earlier the firm had a rating of “Market Perform ” on the company shares. Cowen advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Fairmount Santrol Holdings Inc. Fairmount Santrol Holdings Inc was Upgraded by Piper Jaffray to ” Overweight” on Jul 21, 2016. Fairmount Santrol Holdings Inc was Upgraded by Wells Fargo to ” Outperform” on Jul 18, 2016. Citigroup Initiated Fairmount Santrol Holdings Inc on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $10.

On the company’s financial health, Fairmount Santrol Holdings Inc reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 10, 2016. Analyst had a consensus of $-0.13. The company had revenue of $145.46 million for the quarter, compared to analysts expectations of $132.10 million. The company’s revenue was down -51.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Fairmount Santrol Holdings Inc closed down -0.31 points or -4.80% at $6.15 with 34,71,716 shares getting traded on Wednesday. Post opening the session at $6.44, the shares hit an intraday low of $5.88 and an intraday high of $6.61 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 11, 2015, William Patrick Kelly (director) sold 4,500 shares at $2.40 per share price. According to the SEC, on May 18, 2015, William E. Conway (director) purchased 30,000 shares at $9.22 per share price.

Fairmount Santrol Holdings Inc. formerly FMSA Holdings Inc. is a provider of sand-based proppant solutions. The Company’s operations are organized into two segments: Proppant Solutions and Industrial and Recreational (I&R) Products. The Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States Canada Argentina Mexico China northern Europe and the United Arab Emirates. The I&R segment provides raw coated and custom blended sands to the foundry building products glass turf and landscape and filtration industries primarily in North America. It develops proppants used by exploration and production (E&P) companies to enhance the productivity of their oil and gas wells. It offers a range of proppants including sand and a spectrum of resin-coated products. It offers sand-based products to end users in the foundry glass building products and sports and recreation markets (collectively the I&R markets).

Fairmount Santrol Holdings Inc

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