Market Runner: Time to Buy Fairmount Santrol Holdings Inc After Today’s Big Increase?

Market Runner: Time to Buy Fairmount Santrol Holdings Inc After Today's Big Increase?

The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) is a huge mover today! About 816,489 shares traded hands. Fairmount Santrol Holdings Inc (NYSE:FMSA) has risen 216.87% since April 5, 2016 and is uptrending. It has outperformed by 214.92% the S&P500.
The move comes after 5 months positive chart setup for the $1.69 billion company. It was reported on Nov, 7 by Barchart.com. We have $10.63 PT which if reached, will make NYSE:FMSA worth $456.30M more.

Analysts await Fairmount Santrol Holdings Inc (NYSE:FMSA) to report earnings on November, 10. They expect $-0.13 earnings per share, down 160.00% or $0.08 from last year’s $-0.05 per share. After $-0.11 actual earnings per share 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 34 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Barclays Capital initiated Fairmount Santrol Holdings Inc (NYSE:FMSA) on Wednesday, August 10 with “Equal-Weight” rating. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) earned “Buy” rating by Citigroup on Tuesday, July 19. The firm has “Sector Outperform” rating given on Thursday, October 20 by Howard Weil. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) has “Underperform” rating given on Monday, June 13 by DA Davidson. The rating was upgraded by Cowen & Co on Tuesday, July 26 to “Outperform”. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) earned “Perform” rating by Oppenheimer on Friday, November 13. Simmons & Co downgraded Fairmount Santrol Holdings Inc (NYSE:FMSA) on Tuesday, February 23 to “Underweight” rating. The firm has “Hold” rating given on Tuesday, November 24 by Jefferies. Howard Weil upgraded the shares of FMSA in a report on Monday, December 14 to “Sector Outperform” rating. Jefferies downgraded it to “Underperform” rating and $3 target price in Friday, September 11 report.

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: Marketwatch.com which released: “Fairmount Santrol’s stock is most active in premarket with volume of 7.2 mln …” on October 03, 2014, also Fool.com with their article: “Preliminary Earnings Crush Fairmount Santrol Holdings Inc.’s Stock” published on July 15, 2016, Quotes.Wsj.com published: “News Fairmount Santrol Holdings Inc.FMSA” on September 27, 2014. More interesting news about Fairmount Santrol Holdings Inc (NYSE:FMSA) were released by: Fool.com and their article: “Here’s Why Fairmount Santrol Holdings Inc Stock Fell 22% After Earnings” published on November 12, 2015 as well as Fool.com‘s news article titled: “These 3 Things Bludgeoned Fairmount Santrol Holdings Inc’s Stock Down 42.4% in …” with publication date: October 05, 2015.

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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