Smart Sand price target raised to $2.75 from $2 at Piper Sandler » 08:52 SND Description Smart Sand, Inc., an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite storage solution. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As of December 31, 2022, it had approximately 247 million tons of proven and probable recoverable sand reserves. Smart Sand, Inc. was incorporated in 2011 and is headquartered in Spring, Texas.
This guy's right in the sense that the Jackson Hole message will be very long in duration centered... Look at Joe squirming in his seat, bet he's on that weight loss drug.
You know me oil sands always gets my attention: -> Smart Sand, Inc. (NASDAQ:SND) Number of Hedge Fund Holders: 8<-------! Texas-based Smart Sand Inc. (NASDAQ:SND) is engaged in the excavation, processing, and sale of sands or proppants for use in hydraulic fracturing operations in the oil and gas industry. In May Smart Sand Inc. (NASDAQ:SND) posted Q1 results. Smart Sand Inc. (NASDAQ:SND)’s revenue in the period jumped about 98% year over year.
Smart Sand, Inc. 2Q2023total tons sold of approximately1.1 million 2Q2023revenue of$74.8 million 2Q2023net income of$6.3 million 2Q2023adjusted EBITDA of$11.4 million 2Q2023net cash provided by operating activities of$16.1 million 2Q2023free cash flow of$10.8 million SPRING, Texas, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart Sand”), a fully integrated frac and industrial sand supply and services company, a low-cost producer of high quality Northern White frac sand, a proppant logistics solutions provider through both its in-basin transloading terminals and SmartSystems™ products and services and a provider of industrial product solutions, today announced results for the second quarter of 2023. “Smart Sand continued to deliver solid financial and operating results in the second quarter of 2023,” stated Charles Young, Smart Sand’s Chief Executive Officer. Second quarter net income and Adjusted EBITDA were higher than comparable results for the first quarter of 2023 and the second quarter 2022. Our net cash provided by operating activities has been strong leading to almost $11 million in free cash flow in the second quarter of 2023. We had increased frac sales volumes into the Bakken through our Van Hook, North Dakota terminal in the quarter and higher industrial product solutions sales. We continue to take advantage of our high quality Northern White asset base and superior logistics service offerings to deliver strong financial returns for our shareholders. We started up operations at our Blair, Wisconsin facility and delivered our first sand shipments into the Canadian market. This is a key Northern White frac sand market that we can now compete in. We also put our first belt system to work in our SmartSystems last mile operations. This belt allows much higher delivery of frac sand into the blender of the pressure pumping equipment while reducing our fleet maintenance expense. Additionally, our Industrial Products Solutions business had its best quarter to date, with sales volumes increasing by 70% over first quarter 2023 results. We generated approximately $12 million in free cash flow and paid down approximately $12 million in debt in the first six months of 2023. Going into the third quarter, we believe the market fundamentals for Northern White sand continue to be positive and we plan to continue to build on the positive momentum we have achieved in the first six months of 2023.” >>> Guys the latest projections are for much more drilling stateside than was previously expected.// In that Vid the CEO basically says they get the product for near free and sell it--- This is YUMMY!
THE REASON WE HAVE 70K VIEWS!!! Market insights that Stoney will never get surfing the web until the rest of the world has already figured it out. So good I'll post it again: July/Aug 2022 housing data falls off the CPI and the Sept CPI housing #'s will look good. NO RATE HIKE!
TWO $1 FLYERS---- Smart Sand, Inc. (SND) NasdaqGS - NasdaqGS Real Time Price. 1.8700-0.0100(-0.53%) Wheels Up Experience Inc. (UP) NYSE - NYSE Delayed Price. 1.1200-0.1900(-14.50%) At close: August 11 04:00PM EDT 1.1511+0.03(+2.78%) Pre-Market:08:45AM EDT
I was gonna compliment Stoney for calling out the pump. I can’t tell if he’s long or short? “TED- CLOSE THIS TODAY> NOT SEEING THE LIFT OFF TODAY'S PR! NKLA Nikola Corporation $3.120.45(+16.85%)4:00 PM 08/01/23 NASDAQ |$USD |Pre-Market:$3.14+0.02 #4360 Aug 2, 2023Re”
ALRIGHT FOLKS. I have to clean this house big time. And probably at 2:00 make my way back to NYC. // Then Friday I am gone to Charleston. Short week-- TTWO we have to make a call on Buy it now or later.//
EPR EPR Properties GBA's #1 Ranked REIT. $42.82-0.16(-0.37%) // 7.7% Yield // Got downgraded today so watch the reaction for RS/ BAC report i should be able to get once I get home. EPR Properties downgraded to Neutral from Buy at BofA » 06:11 EPR BofA analyst Joshua…