U.S. Silica Holdings Inc (SLCA) is Downgraded by DA Davidson to Neutral, Price Target at $36

U.S. Silica Holdings Inc (SLCA) was Downgraded by DA Davidson to ” Neutral” and the brokerage firm has set the Price Target at $36. Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on Jun 13, 2016.

Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. Company shares were Upgraded by RBC Capital Mkts on May 23, 2016 to ” Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $27 .Company shares were Reiterated by Cowen on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $22 .Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .

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 closed down -0.93 points or -2.69% at $33.62 with 26,01,056 shares getting traded on Friday. Post opening the session at $34.07, the shares hit an intraday low of $33.53 and an intraday high of $34.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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