Cowen & Co. Keeps Their Buy Rating on Fairmount Santrol

By Ryan Adsit

In a report released today, Marc Bianchi from Cowen & Co. reiterated a Buy rating on Fairmount Santrol (NYSE: FMSA), with a price target of $6. The company’s shares opened today at $5.13.

According to, Bianchi is ranked 0 out of 5 stars with an average return of -7.1% and a 37.9% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Fairmount Santrol has an analyst consensus of Strong Buy, with a price target consensus of $6.25.

Based on Fairmount Santrol’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $274 million and quarterly net profit of $19.95 million. In comparison, last year the company earned revenue of $173 million and had a GAAP net loss of $11.59 million.

Based on the recent corporate insider activity of 20 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.

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Fairmount Santrol Holdings, Inc. engages in the provision and supply of proppants and sand products. It operates through the Proppant Solutions; and Industrial & Recreational Products (I&R) segments.