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 $ 52 from a previous price target of $42 . Cowen advised their investors in a research report released on Oct 11, 2016.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. Company shares were Reiterated by RBC Capital Mkts on Sep 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $44 .Barclays Initiated U.S. Silica Holdings Inc on Aug 10, 2016 to “Overweight”, Price Target of the shares are set at $50.Company shares were Reiterated by Scotia Howard Weil on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .
On the company’s financial health, U.S. Silica Holdings Inc reported $-0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.21. The company had revenue of $117.00 million for the quarter, compared to analysts expectations of $115.59 million. The company’s revenue was down -20.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
U.S. Silica Holdings Inc opened for trading at $48.28 and hit $48.62 on the upside on Friday, eventually ending the session at $48.32, with a gain of 0.46% or 0.22 points. The heightened volatility saw the trading volume jump to 11,47,976 shares. Company has a market cap of $3,072 M.
In a different news, on Sep 30, 2016, Bradford B Casper (EVP & Chief Commercial Officer) sold 12,273 shares at $46.08 per share price. According to the SEC, on Sep 22, 2016, David D. Murry (SVP & CHRO) sold 6,352 shares at $45.00 per share price. On Aug 23, 2016, Don D Weinheimer (SVP & President, O&G Proppants) sold 30,000 shares at $42.00 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.