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).

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