U.S. Silica Holdings Inc (SLCA) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 56 from a previous price target of $44 . RBC Capital Mkts advised their investors in a research report released on Sep 23, 2016.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. 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 .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 .
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 -0.18 points or -0.40% at $45.05 with 11,72,278 shares getting traded on Thursday. Post opening the session at $45.77, the shares hit an intraday low of $44.56 and an intraday high of $46.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Sep 22, 2016, David D. Murry (SVP & CHRO) sold 6,352 shares at $45.00 per share price. According to the SEC, on Aug 23, 2016, Don D Weinheimer (SVP & President, O&G Proppants) sold 30,000 shares at $42.00 per share price. On Aug 23, 2016, Michael L Winkler (EVP & Chief Operating Officer) sold 64,123 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.