U.S. Silica Holdings PT Lowered to $36.00 (SLCA)
Howard Weil lowered their price objective on shares of U.S. Silica Holdings (NASDAQ:SLCA) to $36.00 in a research note issued on Friday, AnalystRatings.NET reports. Howard Weil’s price objective suggests a potential upside of 12.43% from the stock’s previous close.
U.S. Silica Holdings (NASDAQ:SLCA) traded down 8.04% during mid-day trading on Friday, hitting $29.445. The stock had a trading volume of 5,159,818 shares. U.S. Silica Holdings has a 52-week low of $17.05 and a 52-week high of $37.14. The stock’s 50-day moving average is $31.84 and its 200-day moving average is $28.92. The company has a market cap of $1.572 billion and a P/E ratio of 21.21.
U.S. Silica Holdings (NASDAQ:SLCA) last announced its earnings results on Thursday, November 7th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $144.40 million for the quarter, compared to the consensus estimate of $141.62 million. U.S. Silica Holdings’s revenue was up 24.6% compared to the same quarter last year. Analysts expect that U.S. Silica Holdings will post $1.58 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SLCA. Analysts at Jefferies Group raised their price target on shares of U.S. Silica Holdings from $37.00 to $41.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of U.S. Silica Holdings from $35.00 to $41.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of U.S. Silica Holdings from $31.00 to $40.00 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.14.
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.