Cowen & Co. Sticks to Their Buy Rating for Fairmount Santrol

By Jason Carr

In a report released yesterday, Marc Bianchi from Cowen & Co. reiterated a Buy rating on Fairmount Santrol (NYSE: FMSA), with a price target of $6. The company’s shares closed yesterday at $6.03.

According to, Bianchi is ranked 0 out of 5 stars with an average return of -5.2% and a 40.5% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.

Fairmount Santrol has an analyst consensus of Moderate Buy, with a price target consensus of $6.02.

Based on Fairmount Santrol’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $280 million and quarterly net profit of $34.94 million. In comparison, last year the company earned revenue of $141 million and had a GAAP net loss of $19.91 million.

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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 and Recreational Products business segments. The Proppant Solutions segment provides raw and coated proppants primarily for use in hydraulic fracturing.