DA Davidson Downgrades Fairmount Santrol Holdings Inc to Underperform

Brokerage firm DA Davidson Downgrades its rating on Fairmount Santrol Holdings Inc(NYSE:FMSA). The shares have been rated Underperform. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Jun 13, 2016.

In a different note, 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. On May 11, 2016, GMP Securities said it Upgrades its rating on Fairmount Santrol Holdings Inc. The shares have been rated ‘Buy’ by the firm.

Fairmount Santrol Holdings Inc (FMSA) made into the market gainers list on Fridays trading session with the shares advancing 2.43% or 0.17 points. Due to strong positive momentum, the stock ended at $7.18, which is also near the day’s high of $7.48. The stock began the session at $7.05 and the volume stood at 34,46,697 shares. The 52-week high of the shares is $9.2 and the 52 week low is $1. The company has a current market capitalization of $1,160 M and it has 16,16,02,390 shares in outstanding.

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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