Wall Street’s forecasts for Fairmount Santrol Holdings

In this article, we’ll discuss Wall Street analysts’ forecasts for Fairmount Santrol Holdings (FMSA) following its 3Q17 earnings release.

On November 2, 2017, after FMSA’s 3Q17 earnings were released, ~59.0% of the Wall Street analysts tracking Fairmount Santrol Holdings rated it as a “buy” or some equivalent. Approximately 35.0% rated the company as a “hold,” and ~6.0% of the sell-side analysts recommended a “sell” or an equivalent.

Wall Street’s Forecasts for Fairmount Santrol after Its 3Q17 Earnings

Fairmount Santrol Holdings comprises 12.1% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has decreased 31.0% year-to-date versus a 62.0% fall in FMSA’s stock price during the same period.

In comparison, ~67.0% of analysts tracking Nabors Industries (NBR) rated it as a “buy” or some equivalent. Approximately 33.0% rated the company as a “hold.” You can read more about NBR’s 3Q17 earnings in Nabors Industries: What Worked and What Didn’t in 3Q17.

Analysts’ rating changes for FMSA

From August 2, 2017, to November 2, 2017, the percentage of analysts recommending a “buy” or some equivalent for FMSA has decreased from 63.0% to 59.0%. Analysts’ “hold” recommendations have increased for FMSA during the same period. A year ago, ~63.0% of the sell-side analysts recommended a “buy” for FMSA.

Analysts’ target prices for FMSA

Wall Street analysts’ mean target price on November 2, 2017, was ~$5.20 for Fairmount Santrol Holdings. FMSA is currently trading at ~$4.50, implying an ~15.0% upside at its current price. Analysts’ average target price for FMSA was nearly the same a month ago.

Target prices for FMSA’s peers

Surveyed among the sell-side analysts, the mean target price for Key Energy Services (KEG) was $14.00 on November 2. KEG is currently trading at ~$10.20, implying a 37% upside at its current price.

Surveyed among the sell-side analysts, the mean target price for TETRA Technologies (TTI) was $4.30 on November 2. TTI is currently trading at ~$2.90, implying a 46.0% upside at its current price.

Next, we’ll discuss Wall Street analysts’ recommendations for Weatherford International (WFT).

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.16.229