U.S. Silica Holdings PT Raised to $31.00 (SLCA)
BB&T Corp. hoisted their price objective on shares of U.S. Silica Holdings (NASDAQ:SLCA) from $26.00 to $31.00 in a research note issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. BB&T Corp.’s price objective indicates a potential upside of 9.50% from the stock’s previous close.
U.S. Silica Holdings (NASDAQ:SLCA) traded up 3.55% on Friday, hitting $28.31. 2,076,625 shares of the company’s stock traded hands. U.S. Silica Holdings has a 52-week low of $12.37 and a 52-week high of $28.52. The stock’s 50-day moving average is $24.22 and its 200-day moving average is $22.52. The company has a market cap of $1.505 billion and a price-to-earnings ratio of 18.60.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.02. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $133.94 million. During the same quarter last year, the company posted $0.36 earnings per share. U.S. Silica Holdings’s revenue was up 24.1% compared to the same quarter last year. Analysts expect that U.S. Silica Holdings will post $1.61 EPS for the current fiscal year.
SLCA has been the subject of a number of other recent research reports. Analysts at Morgan Stanley set a $36.00 price target on shares of U.S. Silica Holdings (NASDAQ:SLCA) in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Sidoti initiated coverage on shares of U.S. Silica Holdings (NASDAQ:SLCA) in a research note to investors on Thursday, September 26th. They set a “buy” rating on the stock. Finally, analysts at Howard Weil upgraded shares of U.S. Silica Holdings (NASDAQ:SLCA) from a “sector outperform” rating to a “focus stock” rating in a research note to investors on Wednesday, August 28th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $28.67.
US Silica Holdings, Inc is a silica sand supplier company. The Company is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay.
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