Shares of Fairmount Santrol Holdings Inc. (NYSE:FMSA) have been assigned an average rating of “Buy” from the eighteen ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.90.
A number of research analysts have weighed in on FMSA shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.00 price target on shares of Fairmount Santrol Holdings in a research report on Wednesday, October 19th. Howard Weil lifted their price target on shares of Fairmount Santrol Holdings from $10.00 to $15.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 20th. Johnson Rice raised shares of Fairmount Santrol Holdings from an “accumulate” rating to a “buy” rating in a research report on Friday, December 9th. DA Davidson reaffirmed a “sell” rating and set a $3.00 price target on shares of Fairmount Santrol Holdings in a research report on Thursday, November 10th. Finally, Credit Suisse Group raised shares of Fairmount Santrol Holdings from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $7.00 to $11.00 in a research report on Monday, November 7th.
Hedge funds have recently modified their holdings of the company. Viking Fund Management LLC raised its stake in Fairmount Santrol Holdings by 50.0% in the third quarter. Viking Fund Management LLC now owns 1,080,000 shares of the company’s stock valued at $9,158,000 after buying an additional 360,000 shares during the last quarter. Energy Opportunities Capital Management LLC raised its stake in Fairmount Santrol Holdings by 454.4% in the third quarter. Energy Opportunities Capital Management LLC now owns 823,088 shares of the company’s stock valued at $6,980,000 after buying an additional 674,613 shares during the last quarter. United Services Automobile Association raised its stake in Fairmount Santrol Holdings by 54.3% in the third quarter. United Services Automobile Association now owns 592,200 shares of the company’s stock valued at $5,022,000 after buying an additional 208,500 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Fairmount Santrol Holdings during the second quarter valued at $1,154,000. Finally, Moore Capital Management LP acquired a new stake in Fairmount Santrol Holdings during the third quarter valued at $848,000. Institutional investors and hedge funds own 24.33% of the company’s stock.
Fairmount Santrol Holdings (NYSE:FMSA) opened at 12.34 on Friday. The company has a 50 day moving average of $12.20 and a 200-day moving average of $9.36. Fairmount Santrol Holdings has a 52-week low of $1.68 and a 52-week high of $13.12. The stock’s market capitalization is $2.75 billion.
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Fairmount Santrol Holdings Company Profile
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.
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