Jefferies Reiterates a Hold Rating on Fairmount Santrol

Jefferies analyst Brad Handler reiterated a Hold rating on Fairmount Santrol (NYSE: FMSA) today. The company’s shares closed yesterday at $7.73, close to its 52-week high of $8.83.

According to, Handler is ranked 0 out of 5 stars with an average return of -6.8% and a 46.6% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

Fairmount Santrol has an analyst consensus of Moderate Buy, with a price target consensus of $8.42.

The company has a one year high of $8.83 and a one year low of $1. Currently, Fairmount Santrol has an average volume of 2.54M.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FMSA in relation to earlier this year. Most recently, in December 2015, William Patrick Kelly, a a Director at FMSA sold 4,500 shares for a total of $10,755.

Fairmount Santrol Holdings, Inc. is a supplier of proppants and sand products. It operates through the following business segments: Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment serves the oil and gas recovery markets in the United States, Canada, Argentina, Mexico, China, northern Europe and the Middle East, providing raw and coated proppants primarily for use in hydraulic fracturing. The Industrial & Recreational Products segment provides raw and coated sands to the foundry, building products, glass, turf and landscape and filtration industries. The company was founded in 1986 and is headquartered in Chesterland, OH.