Fairmount Santrol Holdings Inc (FMSA) was Initiated by Johnson Rice to “Accumulate”. Johnson Rice advised their investors in a research report released on Oct 10, 2016.
Many Wall Street Analysts have commented on Fairmount Santrol Holdings Inc. Fairmount Santrol Holdings Inc was Initiated by Credit Suisse to “Neutral” on Sep 7, 2016. Barclays Initiated Fairmount Santrol Holdings Inc on Aug 10, 2016 to “Equal Weight”, Price Target of the shares are set at $9.Company shares were Upgraded by Cowen on Jul 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 8.50 from a previous price target of $4 .
On the company’s financial health, Fairmount Santrol Holdings Inc reported $-0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.36 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.18. The company had revenue of $114.00 million for the quarter, compared to analysts expectations of $113.23 million. The company’s revenue was down -48.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Fairmount Santrol Holdings Inc opened for trading at $9.13 and hit $9.3699 on the upside on Friday, eventually ending the session at $9.1, with a gain of 0.44% or 0.04 points. The heightened volatility saw the trading volume jump to 20,61,335 shares. Company has a market cap of $1,742 M.
In a different news, on Jul 28, 2016, Charles D. Fowler (director) purchased 1,666,666 shares at $5.95 per share price. According to the SEC, on Dec 11, 2015, William Patrick Kelly (director) sold 4,500 shares at $2.40 per share price. On May 18, 2015, William E. Conway (director) purchased 30,000 shares at $9.22 per share price, according to the Form-4 filing with the securities and exchange commission.
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).