Fairmount stands out as the most disadvantaged proppant company because of resin focus.
After reviewing recent frac sand company quarterly results, as well as other recent industry developments, we are slightly lowering our fair value estimates for two frac sand producers. Hi-Crush is moving to $19 per unit from $20, whereas Fairmount is moving from $5.25 to $5 per share. These lower fair values are due to slightly lower expectations for frac sand pricing, as we now expect midcycle frac sand pricing of about $36 per ton, versus our previous expectation of $37. In turn, this lower p...Fairmount Santrol Holdings is a provider of sand-based proppant solutions used by exploration and production companies for their oil and gas wells. The company also provides sand-based products to end users in the industrial and recreational products (I&R) markets. The company is organized into two segments: proppant solutions and I&R. The proppant solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the U.S. and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates. The I&R segment provides raw, coated and blended sands to the foundry, building products, glass, turf and landscape and filtration industries primarily in North America.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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