Price Action to Note: Is Buying Fairmount Santrol Holdings Inc Here a Winning Strategy?


Price Action to Note: Is Buying Fairmount Santrol Holdings Inc Here a Winning Strategy?

The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) hit a new 52-week high and has $15.94 target or 63.00% above today’s $9.78 share price. The 9 months bullish chart indicates low risk for the $1.90 billion company. The 1-year high was reported on Oct, 19 by If the $15.94 price target is reached, the company will be worth $1.20 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 970,304 shares traded hands. Fairmount Santrol Holdings Inc (NYSE:FMSA) has risen 272.44% since March 16, 2016 and is uptrending. It has outperformed by 266.90% the S&P500.

Analysts await Fairmount Santrol Holdings Inc (NYSE:FMSA) to report earnings on November, 10. They expect $-0.13 EPS, down 160.00% or $0.08 from last year’s $-0.05 per share. After $-0.11 actual EPS reported by Fairmount Santrol Holdings Inc for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

Fairmount Santrol Holdings Inc (NYSE:FMSA) Ratings Coverage

Out of 17 analysts covering Fairmount Santrol (NYSE:FMSA), 9 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 53% are positive. Fairmount Santrol has been the topic of 33 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Simmons & Co downgraded the stock to “Underweight” rating in Tuesday, February 23 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, July 26. As per Wednesday, July 29, the company rating was maintained by RBC Capital Markets. As per Thursday, July 21, the company rating was upgraded by Piperjaffray. KLR Group initiated the shares of FMSA in a report on Monday, December 14 with “Hold” rating. The company was upgraded on Monday, July 18 by Wells Fargo. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) has “Neutral” rating given on Monday, May 23 by Simmons & Co. The company was upgraded on Monday, May 23 by Piper Jaffray. On Monday, March 14 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The company was initiated on Wednesday, September 7 by Credit Suisse.

According to Zacks Investment Research, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio.”

More notable recent Fairmount Santrol Holdings Inc (NYSE:FMSA) news were published by: which released: “Commit To Purchase Fairmount Santrol Holdings At $7.50, Earn 22.6% Annualized …” on October 17, 2016, also with their article: “Preliminary Earnings Crush Fairmount Santrol Holdings Inc.’s Stock” published on July 15, 2016, published: “Here’s Why Fairmount Santrol Holdings Inc Stock Fell 22% After Earnings” on November 12, 2015. More interesting news about Fairmount Santrol Holdings Inc (NYSE:FMSA) were released by: and their article: “Will Fairmount Santrol Holdings (FMSA) Continue to Surge Higher?” published on October 07, 2016 as well as‘s news article titled: “Fairmount Santrol names new chief financial officer” with publication date: March 04, 2016.

FMSA Company Profile

Fairmount Santrol Holdings Inc., formerly FMSA Holdings Inc., incorporated on January 25, 1996, is a well-known provider of sand proppant solutions. The Firm offers a range of proppants, including sand and a range of resin-coated products. The Firm operates through two divisions: Proppant Solutions, and Industrial & Recreational (I&R) Products. The Company’s Proppant Solutions segment provides sand proppants for use in hydraulic fracturing activities throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates. The Company’s I&R segment provides raw, coated, and custom blended sands to the foundry, building products, glass, turf and landscape, and filtration industries in North America. The Company’s asset base includes approximately 800 million tons of proven and probable mineral reserves. The Firm has approximately 10 sand processing facilities with over 14.8 million tons of annual sand processing capacity. It also has approximately 10 coating facilities with over 2.3 million tons of annual coating capacity. The Company’s coating facilities include activities in Mexico, Denmark and China, through which it serves international gas and oil markets.

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