Piper Sandler analyst Luke Lemoine raised the firm’s price target on Smart Sand to $2.75 from $2 and keeps a Neutral rating on the shares. The rig count keeps sliding, but commentary from all oil service companies is pointing to the rig count bottoming very soon in Q3, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SND:
- Smart Sand, Inc. Announces Second Quarter 2023 Results
- SND Upcoming Earnings Report: What to Expect?
- Smart Sand, Inc. Announces Timing of Second Quarter Earnings Release and Investor Conference Call
- Smart Sand announces whitepaper demonstrating impact of proppant choice
- Proppant Choice at the Oil Well Drives Efficient Operations: In-Basin Sand is Cheaper Upfront, but Quickly Erodes Cash Flow and Profitability