Fairmount Santrol Holdings’ (FMSA) Buy Rating Reiterated at Scotiabank

Scotiabank reiterated their buy rating on shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) in a research note issued to investors on Thursday morning, StockTargetPrices.com reports. They currently have a $13.00 price objective on the stock.

FMSA has been the subject of several other research reports. Jefferies Group LLC upgraded shares of Fairmount Santrol Holdings from a hold rating to a buy rating in a research report on Friday, March 10th. Johnson Rice upgraded shares of Fairmount Santrol Holdings from an accumulate rating to a buy rating in a research report on Friday, December 9th. Barclays PLC upgraded shares of Fairmount Santrol Holdings from an equal weight rating to an overweight rating and upped their price target for the stock from $10.00 to $15.00 in a research report on Monday, January 9th. Zacks Investment Research upgraded shares of Fairmount Santrol Holdings from a hold rating to a strong-buy rating and set a $14.00 price target for the company in a research report on Monday, January 23rd. Finally, Howard Weil upgraded shares of Fairmount Santrol Holdings from an outperform rating to a focus list rating and set a $17.00 price target for the company in a research report on Thursday, December 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Fairmount Santrol Holdings has a consensus rating of Buy and a consensus price target of $10.81.

Fairmount Santrol Holdings (NYSE:FMSA) opened at 6.74 on Thursday. Fairmount Santrol Holdings has a 12 month low of $2.38 and a 12 month high of $13.12. The stock’s market cap is $1.51 billion. The firm’s 50 day moving average price is $9.53 and its 200 day moving average price is $9.63.

Fairmount Santrol Holdings (NYSE:FMSA) last released its quarterly earnings results on Thursday, March 9th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $140.53 million for the quarter, compared to analyst estimates of $156.23 million. During the same quarter last year, the company earned ($0.56) EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities research analysts predict that Fairmount Santrol Holdings will post $0.13 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in FMSA. Capstone Investment Advisors LLC acquired a new stake in Fairmount Santrol Holdings during the fourth quarter worth approximately $179,000. Strs Ohio increased its stake in Fairmount Santrol Holdings by 61.1% in the third quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $284,000 after buying an additional 12,700 shares during the last quarter. MAI Capital Management increased its stake in Fairmount Santrol Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the company’s stock worth $342,000 after buying an additional 8,000 shares during the last quarter. Gideon Capital Advisors Inc. acquired a new stake in Fairmount Santrol Holdings during the fourth quarter worth approximately $450,000. Finally, Tudor Investment Corp Et Al increased its stake in Fairmount Santrol Holdings by 15.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 58,667 shares of the company’s stock worth $692,000 after buying an additional 7,650 shares during the last quarter. Institutional investors own 24.33% of the company’s stock.

About Fairmount Santrol Holdings

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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