The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) hit a new 52-week high and has $10.18 target or 6.00% above today’s $9.60 share price. The 5 months bullish chart indicates low risk for the $2.58 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $10.18 price target is reached, the company will be worth $154.80M 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 2.53 million shares traded hands. Fairmount Santrol Holdings Inc (NYSE:FMSA) has risen 124.48% since April 28, 2016 and is uptrending. It has outperformed by 118.55% the S&P500.
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. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) earned “Neutral” rating by Credit Suisse on Wednesday, September 7. Barclays Capital initiated Fairmount Santrol Holdings Inc (NYSE:FMSA) on Wednesday, August 10 with “Equal-Weight” rating. The rating was upgraded by Piper Jaffray to “Neutral” on Monday, May 23. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) has “Buy” rating given on Tuesday, July 19 by Citigroup. RBC Capital Markets downgraded Fairmount Santrol Holdings Inc (NYSE:FMSA) on Friday, September 18 to “Sector Perform” rating. On Monday, November 7 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) has “Outperform” rating given on Monday, November 16 by Cowen & Co. RBC Capital Markets maintained Fairmount Santrol Holdings Inc (NYSE:FMSA) on Wednesday, August 12 with “Outperform” rating. The firm has “Hold” rating given on Monday, July 11 by Jefferies. As per Monday, December 7, the company rating was initiated by DA Davidson.
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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