U.S. Silica Holdings Inc (SLCA) is Reiterated by Cowen to Outperform, Raises Price Target to $ 29

U.S. Silica Holdings Inc (SLCA) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $22 . Cowen advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. U.S. Silica Holdings Inc was Upgraded by Piper Jaffray to ” Overweight” on Mar 31, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .U.S. Silica Holdings Inc was Initiated by Citigroup to “Buy” on Feb 29, 2016.

On the company’s financial health, U.S. Silica Holdings Inc reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.26. The company had revenue of $122.50 million for the quarter, compared to analysts expectations of $123.66 million. The company’s revenue was down -40.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

U.S. Silica Holdings Inc opened for trading at $25.49 and hit $26.69 on the upside on Wednesday, eventually ending the session at $26.59, with a gain of 5.81% or 1.46 points. The heightened volatility saw the trading volume jump to 38,50,199 shares. Company has a market cap of $1,421 M.

In a different news, on Nov 19, 2015, Daniel W Avramovich (director) sold 10,000 shares at $19.49 per share price. According to the SEC, on Sep 29, 2015, Bryan Adair Shinn (CEO) purchased 20,000 shares at $13.97 per share price. On May 11, 2015, Jason Leroy Tedrow (VP, Supply Chain) sold 4,015 shares at $34.62 per share price, according to the Form-4 filing with the securities and exchange commission.

U.S. Silica Holdings Inc. (U.S. Silica) is a domestic producer of commercial silica a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment the Company serves the oil and gas recovery market providing fracturing sand or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

U.S. Silica Holdings Inc

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