U.S. Silica Holdings Inc (SLCA) was Initiated by Barclays to “Overweight” and the brokerage firm has set the Price Target at $50. Barclays advised their investors in a research report released on Aug 10, 2016.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. 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 .Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $29 .Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .
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 closed down -0.15 points or -0.38% at $38.94 with 22,56,982 shares getting traded on Monday. Post opening the session at $39.39, the shares hit an intraday low of $38.865 and an intraday high of $39.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Jul 25, 2016, U.S. Silica Holdings Inc announced a cash dividend of $0.0625. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 4, 2016.
In a different news, on Aug 9, 2016, Bradford B Casper (EVP & Chief Commercial Officer) sold 8,574 shares at $39.15 per share price. According to the SEC, on Aug 9, 2016, Donald A Merril (EVP & Chief Financial Officer) sold 25,000 shares at $38.22 per share price. On Aug 9, 2016, John Paul Blanchard (SVP & President, ISP) sold 5,270 shares at $38.91 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.