FMSA’s YTD returns versus the industry

Fairmount Santrol Holdings’ (FMSA) year-to-date returns were nearly -57% as of November 20. Since December 30, 2016, FMSA has underperformed the US rig count and the Dow Jones Industrial Average (DJIA-INDEX), the Energy Select Sector SPDR ETF (XLE), the VanEck Vectors Oil Services ETF (OIH), and the SPDR S&P 500 ETF (SPY).

Despite coming off its beginning-of-the-year price, FMSA’s stock price has recovered strongly in the past month. Since October 20, FMSA has risen ~30%. It outperformed OIH and SPY considerably during this period.The Third-Worst-Performing Oilfield Stock Year-to-Date

How FMSA’s revenues and earnings performed in 9M17?

From 4Q16 through 3Q17, FMSA’s revenues nearly doubled. Its net income also turned around to a $35 million profit in 3Q17 from a ~$20 million net loss in 4Q16. FMSA’s free cash flows also rose 9.3x in 3Q17 over 4Q16. FMSA’s net debt fell 7% during the period.

Next, we’ll compare year-to-date returns from Tesco Corporation (TESO) with market indicators and analyze the fundamental metrics.

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