Morningstar

Morningstar, Inc.

Equity Bottom-Up

<p>After reviewing Smart Sand's surprisingly strong fourth-quarter results in depth, we are maintaining our fair value estimate of $3 per share. Adjusted EPS of $0.19 in the quarter handily beat the consensus average of $0.13, resulting in the company's shares rallying over 50%. Smart Sand now looks like the the most overvalued proppant company we cover, trading about 45% above our fair value estimate.</p><p>Along with peers, Smart Sand's results deteriorated sequentially owing to the decrease in overall…</p>

United States

Smart Sand, Inc. provides industrial sand. The Company offers proppants sand products and renders logistics services. Smart Sand serves customers in North America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00