Notable Mover: Is Fairmount Santrol Holdings Inc a Buy? The Stock Rises Again

Notable Mover: Is Fairmount Santrol Holdings Inc a Buy? The Stock Rises Again

The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) is a huge mover today! About 2.37 million shares traded hands. Fairmount Santrol Holdings Inc (NYSE:FMSA) has risen 89.13% since April 27, 2016 and is uptrending. It has outperformed by 83.90% the S&P500.
The move comes after 9 months positive chart setup for the $2.02B company. It was reported on Nov, 30 by Barchart.com. We have $9.83 PT which if reached, will make NYSE:FMSA worth $60.60 million more.

Analysts await Fairmount Santrol Holdings Inc (NYSE:FMSA) to report earnings on March, 9. They expect $-0.08 EPS, up 20.00% or $0.02 from last year’s $-0.1 per share. After $-0.11 actual EPS reported by Fairmount Santrol Holdings Inc for the previous quarter, Wall Street now forecasts -27.27% EPS growth.

Fairmount Santrol Holdings Inc (NYSE:FMSA) Ratings Coverage

Out of 17 analysts covering Fairmount Santrol (NYSE:FMSA), 10 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 59% are positive. Fairmount Santrol has been the topic of 35 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of FMSA in a report on Tuesday, July 19 with “Buy” rating. Barclays Capital initiated the stock with “Equal-Weight” rating in Wednesday, August 10 report. The firm has “Underperform” rating given on Friday, September 11 by Jefferies. Oppenheimer maintained Fairmount Santrol Holdings Inc (NYSE:FMSA) rating on Thursday, October 1. Oppenheimer has “Perform” rating and $3 price target. Cowen & Co upgraded the stock to “Outperform” rating in Tuesday, July 26 report. As per Monday, July 18, the company rating was upgraded by Wells Fargo. The firm earned “Buy” rating on Wednesday, August 10 by Citigroup. On Monday, December 14 the stock rating was initiated by KLR Group with “Hold”. The rating was maintained by Oppenheimer with “Perform” on Friday, November 13. The rating was initiated by Credit Suisse on Wednesday, September 7 with “Neutral”.

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 recent Fairmount Santrol Holdings Inc (NYSE:FMSA) news were published by: Marketwatch.com which released: “Fairmount Santrol stock price target raised to $11 from $7 at Credit Suisse” on October 03, 2014. Also Fool.com published the news titled: “Preliminary Earnings Crush Fairmount Santrol Holdings Inc.’s Stock” on July 15, 2016. Fool.com‘s news article titled: “Here’s Why Fairmount Santrol Holdings Inc Stock Fell 22% After Earnings” with publication date: November 12, 2015 was also an interesting one.

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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