U.S. Silica Holdings’s “Outperform” Rating Reaffirmed at Cowen and Company (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA)‘s stock had its “outperform” rating reiterated by analysts at Cowen and Company in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. raised their price target on shares of U.S. Silica Holdings from $26.00 to $31.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley set a $36.00 price target on shares of U.S. Silica Holdings in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of U.S. Silica Holdings in a research note to investors on Thursday, September 26th. They set a “buy” rating on the stock. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $28.67.
U.S. Silica Holdings (NASDAQ:SLCA) opened at 28.88 on Wednesday. U.S. Silica Holdings has a 52-week low of $12.37 and a 52-week high of $29.65. The stock has a 50-day moving average of $24.73 and a 200-day moving average of $22.62. The company has a market cap of $1.536 billion and a price-to-earnings ratio of 19.65.
U.S. Silica Holdings (NASDAQ:SLCA) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis.
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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