U.S. Silica Holdings Lowered to Outperform at Howard Weil (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) was downgraded by investment analysts at Howard Weil from a “focus stock” rating to an “outperform” rating in a note issued to investors on Tuesday, Analyst Ratings.Net reports. They currently have a $42.00 price objective on the stock, up from their previous price objective of $29.00. Howard Weil’s price target indicates a potential upside of 19.76% from the stock’s previous close.
Shares of U.S. Silica Holdings (NASDAQ:SLCA) traded down 0.88% on Tuesday, hitting $34.76. 109,803 shares of the company’s stock traded hands. U.S. Silica Holdings has a 1-year low of $12.37 and a 1-year high of $37.14. The stock’s 50-day moving average is $27.22 and its 200-day moving average is $23.28. The company has a market cap of $1.848 billion and a price-to-earnings ratio of 23.86.
U.S. Silica Holdings (NASDAQ:SLCA) last released its earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis.
In other U.S. Silica Holdings news, VP David Murry sold 6,352 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $30.00, for a total value of $190,560.00. Following the sale, the vice president now directly owns 5,250 shares of the company’s stock, valued at approximately $157,500. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on SLCA. Analysts at Wells Fargo & Co. downgraded shares of U.S. Silica Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. Separately, analysts at Sidoti downgraded shares of U.S. Silica Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 17th. Finally, analysts at RBC Capital raised their price target on shares of U.S. Silica Holdings from $27.00 to $35.00 in a research note to investors on Tuesday, October 15th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.29.
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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