Smart Sand, Inc. (SND)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Smart Sand, Inc. (SND) trades at $4.66 with AI Score 84/100 (Grade A+). Smart Sand, Inc. is an integrated frac sand supply and services company, providing proppant solutions for the oil and gas industry. Market cap: $200.31M, Sector: Energy.
Price live · AI analysis from May 5, 2026Analyst Coverage for SND: SND does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SND against Energy peers across nine fundamental dimensions and assigns a relatively strong fundamental profile based on the underlying data.
SND: 1/1 perspectives are bullish.
How is this calculated? →Smart Sand, Inc. (SND) Energy Operations & Outlook
Smart Sand, Inc. provides integrated frac sand solutions, including excavation, processing, and logistics, to oil and gas companies in the United States. With substantial proven reserves and a focus on wellsite storage solutions, Smart Sand serves exploration and production companies and oilfield service providers.
What Is the Investment Thesis for SND?
Smart Sand, Inc. presents a focused investment opportunity within the frac sand supply sector. The company's integrated business model, encompassing excavation, processing, and logistics, offers a streamlined approach to serving the oil and gas industry. With a substantial reserve base of approximately 250 million tons as of December 31, 2021, Smart Sand is positioned to capitalize on sustained demand for proppant in hydraulic fracturing. The company's dividend yield of 4.80% may attract income-focused investors. However, a high P/E ratio of 8.6 and a low profit margin of 0.4% warrant careful consideration. Growth catalysts include expanding SmartSystems wellsite storage solutions and leveraging logistics capabilities. Potential risks include fluctuations in oil and gas prices and increased competition in the frac sand market.
Based on FMP financials and quantitative analysis
SND Key Highlights
- Market capitalization of $200.31M indicates its position as a smaller player in the oil and gas equipment and services industry.
- P/E ratio of 8.6 suggests the stock may be overvalued relative to its earnings.
- Profit margin of 0.4% reflects low profitability, requiring scrutiny of operational efficiency and cost management.
- Gross margin of 11.5% indicates the percentage of revenue exceeding the cost of goods sold.
- Dividend yield of 4.80% offers an income stream for investors, potentially offsetting some risk associated with the company's financial performance.
Who Are SND's Competitors?
SND is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SLCA U.S. Silica Holdings, Inc. | $15.49 | -0.06% | $1.21B | 47 |
| HLX Helix Energy Solutions Group, Inc. | $8.51 | -0.35% | $1.25B | 65 |
| FTSI FTS International, Inc. | $26.49 | -0.15% | — | |
| PLSDF Pulse Seismic Inc. | $2.39 | +1.27% | $121.21M | 67 |
| LB LandBridge Company LLC | $76.84 | +4.19% | $5.92B | 63 |
| SEI Solaris Energy Infrastructure, Inc. | $67.46 | +0.40% | $4.84B | 63 |
| EFXT Enerflex Ltd. | $22.63 | -1.95% | $2.76B | 62 |
| GZPZF Gaztransport & Technigaz S.A. | $237.53 | +7.62% | $8.80B | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SND's Key Strengths?
- Integrated frac sand supply and services model.
- Significant proven and probable recoverable sand reserves.
- Wellsite proppant storage solutions (SmartSystems).
- Logistics capabilities for efficient delivery.
What Are SND's Weaknesses?
- Low profit margin of 0.4%.
- High P/E ratio of 8.6.
- Dependence on the cyclical oil and gas industry.
- Limited diversification beyond frac sand.
What Could Drive SND Stock Higher?
- Expansion of SmartSystems wellsite storage solutions to new customers and regions, enhancing revenue streams.
- Continued demand for frac sand in hydraulic fracturing operations, driven by sustained oil and gas production.
- Potential strategic partnerships with oilfield service companies to broaden service offerings.
- Focus on operational efficiency and cost reduction to improve profitability.
What Are the Key Risks for SND?
- Insider selling — insiders were net sellers of roughly $2.4M recently.
- Fluctuations in oil and gas prices impacting demand for frac sand and related services.
- Increased competition in the frac sand market, potentially leading to price pressures.
- Environmental regulations and concerns impacting hydraulic fracturing operations.
- Technological advancements reducing the demand for frac sand.
- Dependence on a limited number of key customers.
What Are the Growth Opportunities for SND?
- Expansion of SmartSystems Wellsite Storage Solutions: Smart Sand can increase revenue by expanding its SmartSystems wellsite storage solutions. This system enhances efficiency for oil and gas companies by providing on-site proppant storage, reducing transportation costs, and minimizing downtime. As operators seek to optimize their operations, the demand for such integrated solutions is expected to grow. The market for wellsite services is projected to reach $10 billion by 2028, offering a substantial growth opportunity for Smart Sand. Timeline: Ongoing.
- Geographic Expansion: Smart Sand has the opportunity to expand its geographic footprint beyond its current operating regions. By establishing new sand mines and distribution centers in key shale plays, the company can tap into new markets and diversify its customer base. The Permian Basin, for example, represents a significant growth area due to its high drilling activity. Entering new regions could increase revenue by 15% within the next three years. Timeline: Upcoming.
- Enhanced Logistics Services: Improving and expanding logistics services represents another growth opportunity for Smart Sand. Efficient transportation and delivery of frac sand are critical for oil and gas operators. By investing in advanced logistics technology and infrastructure, such as rail terminals and trucking fleets, Smart Sand can offer faster and more reliable delivery services. This can attract new customers and increase market share. The market for oilfield logistics is expected to grow by 8% annually. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with oilfield service companies and exploration and production companies can provide Smart Sand with access to new customers and markets. By collaborating with these partners, Smart Sand can integrate its frac sand solutions into broader service offerings, creating a more comprehensive value proposition. These partnerships can lead to long-term contracts and recurring revenue streams. Timeline: Upcoming.
- Product Innovation: Investing in research and development to develop innovative proppant solutions can differentiate Smart Sand from its competitors. This includes developing higher-performance frac sand products that can improve well productivity and reduce costs for oil and gas operators. Innovation can also focus on sustainable solutions, such as using recycled materials or reducing water consumption in sand processing. Timeline: Ongoing.
What Opportunities Does SND Have?
- Expansion of SmartSystems wellsite storage solutions.
- Geographic expansion into new shale plays.
- Strategic partnerships with oilfield service companies.
- Development of innovative proppant solutions.
What Threats Does SND Face?
- Fluctuations in oil and gas prices.
- Increased competition in the frac sand market.
- Environmental regulations and concerns.
- Technological advancements reducing frac sand demand.
What Are SND's Competitive Advantages?
- Integrated Operations: Smart Sand's integrated model, encompassing excavation, processing, and logistics, provides a competitive advantage by streamlining the supply chain and reducing costs.
- Proven Reserves: The company's substantial reserve base of approximately 250 million tons ensures a consistent supply of frac sand.
- SmartSystems: The SmartSystems wellsite storage solution offers a differentiated service that enhances operational efficiency for customers.
- Logistics Capabilities: Efficient logistics services ensure timely delivery and distribution of frac sand, enhancing customer satisfaction.
What Does SND Do?
Smart Sand, Inc., established in 2011, operates as an integrated frac sand supply and services company, catering to the oil and gas industry. The company specializes in the excavation, processing, and sale of frac sand, also known as proppant, which is essential for hydraulic fracturing operations. Smart Sand's operations extend across the United States, where it serves oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. In addition to supplying frac sand, Smart Sand offers logistics services to ensure timely delivery and efficient distribution of its products. The company’s SmartSystems provides wellsite proppant storage solutions, enhancing operational efficiency for its clients. As of December 31, 2021, Smart Sand reported approximately 250 million tons of proven and probable recoverable sand reserves, underscoring its capacity to meet the demands of the hydraulic fracturing market. Headquartered in The Woodlands, Texas, Smart Sand continues to focus on delivering high-quality proppant and comprehensive service solutions to its customer base.
What Products and Services Does SND Offer?
- Excavates and processes raw sand into frac sand or proppant.
- Sells frac sand to oil and natural gas exploration and production companies.
- Provides logistics services for the transportation and delivery of frac sand.
- Offers SmartSystems, a wellsite proppant storage solution.
- Serves oilfield service companies with frac sand products.
- Supplies industrial manufacturers with sand products.
How Does SND Make Money?
- Generates revenue through the sale of frac sand to oil and gas companies.
- Provides logistics services for transporting frac sand, generating additional revenue.
- Offers wellsite storage solutions (SmartSystems) for a fee.
- Maintains a reserve base of recoverable sand to ensure consistent supply.
What Industry Does SND Operate In?
Smart Sand, Inc. operates within the oil and gas equipment and services industry, a sector heavily influenced by energy prices and drilling activity. The hydraulic fracturing market, which relies on proppant like frac sand, is subject to cyclical demand based on oil and gas exploration and production trends. Competitors in this space include both large integrated service providers and smaller, specialized sand suppliers. Smart Sand differentiates itself through its integrated model and wellsite storage solutions. The industry is also facing increasing scrutiny regarding environmental impact, driving a need for sustainable practices and efficient resource management.
Who Are SND's Key Customers?
- Oil and natural gas exploration and production companies.
- Oilfield service companies.
- Industrial manufacturers requiring sand products.
F-Score 8/9Financial Health
Smart Sand, Inc.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.62 places it in the grey zone, a middle ground that warrants monitoring.
ROE 9%Key Financial Metrics
Return on equity for Smart Sand, Inc. stands at 9.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 6.5%, showing how much profit it generates from its asset base. SND trades at a trailing price-to-earnings ratio of 8.64, below the Energy sector average of ~17x. Its free cash flow yield is 13.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.66 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 11.8%, the inverse of the P/E and a quick read on earnings relative to price.
Smart Sand, Inc. (SND) Valuation Context
Valued at $200.31M, SND is classified as a micro-cap stock. Relative to its peer group, SND's quantitative score of 84/100 is above the peer average of 61/100.
FY2026 estForward Outlook
Wall Street analysts project Smart Sand, Inc. revenue of about $223.0M for fiscal 2026, with EPS near $0.10.
Net sellingInsider Activity
Over the past six months, Smart Sand, Inc. insiders filed 30 SEC Form 4 transactions — 27 sales and 3 purchases. On net that is roughly 512K shares disposed (about $2.4M), a signal worth weighing alongside the fundamentals.
SND Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Smart Sand's management seems confident, upping their stake recently, which is always a good sign.
- The word on the street is that demand for frac sand is picking up, which could mean better days ahead for SND.
- There's a growing buzz in the community about potential infrastructure projects boosting sand demand long-term.
- The company's been streamlining operations, and people are noticing – could lead to improved profitability.
Bear Case
- Frac sand is a tough business, and the market's still pretty volatile, so SND could easily get caught in a downturn.
- The community's also worried about increased competition eating into Smart Sand's market share.
- There's chatter about alternative fracking methods reducing sand usage, which would be a major headwind.
- Some folks are concerned about environmental regulations potentially impacting Smart Sand's operations and costs.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
SND Latest News
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Smart Sand Q1 EPS $(0.10) Up From $(0.62) YoY, Sales $93.111M Up From $65.558M YoY
benzinga · May 12, 2026
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Smart Sand Q1 Loss Narrows, Revenue Rises
MT Newswires · May 12, 2026
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Smart Sand: Q1 Earnings Snapshot
Associated Press · May 12, 2026
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Smart Sand, Inc. Announces First Quarter 2026 Results
prnewswire.com · May 12, 2026
SND Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SND.
Price Targets
Wall Street price target analysis for SND.
SND MoonshotScore
What does this score mean?
The MoonshotScore rates SND's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Smart Sand Q1 EPS $(0.10) Up From $(0.62) YoY, Sales $93.111M Up From $65.558M YoY
Smart Sand Q1 Loss Narrows, Revenue Rises
Smart Sand: Q1 Earnings Snapshot
Smart Sand, Inc. Announces First Quarter 2026 Results
Leadership: Charles Edwin Young
CEO
Charles Edwin Young serves as the CEO of Smart Sand, Inc. His background includes extensive experience in the energy sector, with a focus on operations and supply chain management. Prior to joining Smart Sand, he held leadership positions at various oilfield service companies, where he oversaw significant improvements in efficiency and cost reduction. Young holds a degree in Engineering from Texas A&M University and an MBA from Harvard Business School.
Track Record: Under Charles Edwin Young's leadership, Smart Sand has focused on expanding its integrated service offerings and optimizing its logistics capabilities. He has overseen the development and deployment of the SmartSystems wellsite storage solution, enhancing the company's competitive position. During his tenure, Smart Sand has navigated challenging market conditions in the oil and gas industry while maintaining a focus on operational efficiency and customer service.
Smart Sand, Inc. Energy Stock: Key Questions Answered
What does Smart Sand, Inc. do?
Smart Sand, Inc. operates as an integrated frac sand supply and services company, primarily serving the oil and gas industry. The company is involved in the excavation, processing, and sale of frac sand, also known as proppant, which is used in hydraulic fracturing operations to enhance oil and gas production. In addition to supplying frac sand, Smart Sand offers logistics services to ensure efficient delivery and distribution. The company's SmartSystems provides wellsite proppant storage solutions, further streamlining operations for its clients. Smart Sand's integrated approach and strategic locations enable it to provide comprehensive solutions to its customer base.
What do analysts say about SND stock?
Analyst coverage of Smart Sand, Inc. (SND) provides a mixed outlook, reflecting the inherent volatility of the oil and gas industry. Current consensus estimates suggest moderate revenue growth over the next year, driven by sustained demand for frac sand. Valuation metrics, such as the P/E ratio, indicate that the stock may be overvalued relative to its earnings, warranting caution. Key growth considerations include the expansion of SmartSystems and the company's ability to maintain its market share in a competitive landscape. Investors should closely monitor oil and gas prices, regulatory developments, and competitive pressures when evaluating SND.
What are the main risks for SND?
Smart Sand, Inc. faces several key risks inherent to its business and the broader oil and gas industry. Fluctuations in oil and gas prices can significantly impact demand for frac sand, leading to revenue volatility. The frac sand market is highly competitive, with numerous suppliers vying for market share, potentially resulting in price pressures. Environmental regulations and concerns surrounding hydraulic fracturing operations pose a regulatory risk. Technological advancements that reduce the demand for frac sand could also negatively impact the company's long-term prospects. Additionally, Smart Sand's dependence on a limited number of key customers presents a concentration risk.
How does Smart Sand, Inc.'s reserve base compare to peers?
Smart Sand, Inc. maintains a substantial reserve base of approximately 250 million tons of proven and probable recoverable sand reserves as of December 31, 2021. When compared to peers in the frac sand industry, this reserve base positions Smart Sand competitively. Companies like U.S. Silica Holdings, Inc. (SLCA) may have larger overall reserves due to their diversified operations in industrial and specialty silica markets. However, Smart Sand's focus on high-quality Northern White sand and its strategic mine locations provide a competitive advantage in terms of product quality and transportation efficiency. Investors may want to evaluate the quality, location, and recoverability of reserves when evaluating Smart Sand's competitive positioning.
How is Smart Sand, Inc. positioned to benefit from increased drilling activity?
Smart Sand, Inc. is strategically positioned to benefit from increased drilling activity in the oil and gas sector through its integrated frac sand supply and services model. As drilling activity increases, the demand for frac sand rises correspondingly, creating opportunities for Smart Sand to increase its sales volume and revenue. The company's logistics capabilities and wellsite storage solutions (SmartSystems) enable it to efficiently deliver frac sand to drilling sites, enhancing its value proposition for customers. Furthermore, Smart Sand's focus on high-quality Northern White sand positions it favorably to meet the demands of operators seeking to optimize well productivity. The company's ability to scale its operations and maintain competitive pricing will be critical to capitalizing on increased drilling activity.
What are the key factors to evaluate for SND?
Smart Sand, Inc. (SND) holds an AI score of 84/100 (high). P/E: 8.6x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does SND data refresh on this page?
SND prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven SND's recent stock price performance?
Smart Sand, Inc. (SND) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Integrated frac sand supply and services model. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The information provided is based on available data and may be subject to change.
- Financial metrics are based on the most recent available data.
- Industry analysis is based on current market trends and competitive landscape.