Smart SandSND
Market Cap: $88.4M
About: Smart Sand Inc is a fully integrated frac sand supply and services company that offers complete mine-to-well site proppant supply and logistics solutions. It produces Northern White frac sand, which is a premium proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Its product portfolio includes Smart System, which includes SmartBelt, SmartDepot Silo and SmartPath Loader. The company caters its products and services to oil and natural gas exploration and production companies and oilfield service companies. The majority of its revenue comes from Sand Sales, followed by logistics.
Employees: 378
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
18% more capital invested
Capital invested by funds: $16.8M [Q1] → $19.9M (+$3.07M) [Q2]
1.68% more ownership
Funds ownership: 20.46% [Q1] → 22.14% (+1.68%) [Q2]
4% less funds holding
Funds holding: 46 [Q1] → 44 (-2) [Q2]
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Piper Sandler Luke Lemoine 17% 1-year accuracy 5 / 30 met price target | 9%upside $2.25 | Neutral Maintained | 15 Jul 2024 |
Financial journalist opinion
Based on 4 articles about SND published over the past 30 days