PiperJaffray Upgrades Fairmount Santrol Holdings Inc to Overweight

Brokerage firm PiperJaffray Upgrades its rating on Fairmount Santrol Holdings Inc(NYSE:FMSA). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by PiperJaffray was issued on Jul 21, 2016.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Fairmount Santrol Holdings Inc. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Hold’ by the firm. Citigroup said it Initiates Coverage on Fairmount Santrol Holdings Inc, according to a research note issued on Jul 7, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 13, 2016, DA Davidson said it Downgrades its rating on Fairmount Santrol Holdings Inc. The shares have been rated ‘Underperform’ by the firm. On May 26, 2016, Morgan Stanley said it Upgrades its rating on Fairmount Santrol Holdings Inc. The shares have been rated ‘Overweight’ by the firm. On May 23, 2016, RBC Capital said it Upgrades its rating on Fairmount Santrol Holdings Inc. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 23, 2016, Piper Jaffray said it Upgrades its rating on Fairmount Santrol Holdings Inc. The shares have been rated ‘Neutral’ by the firm.

Fairmount Santrol Holdings Inc (FMSA) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -4.80% at a volume of 34,71,716. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.61. The peak price level was also seen at $6.61 while the days lowest was $5.88. Finally the shares closed at $6.15. The 52-week high of the shares is $8.83 while the 52-week low is $1. According to the latest information available, the market cap of the company is $994 M.

Fairmount Santrol Holdings Inc(FMSA) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $145.46M. Analysts had an estimated revenue of $131.06M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, William Patrick Kelly (director) sold 4,500 shares at $2.40 per share price.Also, 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).

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