Credit Suisse Starts Smart Sand (SND) at Outperform

November 29, 2016 7:40 AM EST
Get Alerts SND Hot Sheet
Price: $18.75 +7.57%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Credit Suisse initiates coverage on Smart Sand (NASDAQ: SND) with a Outperform rating and a price target of $14.00.

Analyst James Wicklund commented, "Sand is much more of an investment than a trade in this OFS cyclical recovery. Pounds per foot and the lateral length of horizontal well sections continue to expand and improve the economics of unconventional drilling. It is much more than owning a mine. There is significant value in high-speed unit train loading capability, Class I rail access, cornerstone customers, favorable product mix, and other factors."

For an analyst ratings summary and ratings history on Smart Sand click here. For more ratings news on Smart Sand click here.

Shares of Smart Sand closed at $12.39 yesterday.

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