U.S. Silica Holdings Hits New 1-Year High Following Analyst Upgrade (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) shares reached a new 52-week high on Monday after BB&T Corp. raised their price target on the stock to $60.00, Stock Ratings Network.com reports. BB&T Corp. currently has a buy rating on the stock. U.S. Silica Holdings traded as high as $55.48 and last traded at $55.06, with a volume of 638,191 shares trading hands. The stock had previously closed at $53.87.
A number of other firms have also recently commented on SLCA. Analysts at Cowen and Company raised their price target on shares of U.S. Silica Holdings to $65.00 in a research note on Monday, June 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings from $42.00 to $50.00 in a research note on Thursday, May 1st. They now have a “sector outperform” rating on the stock. Finally, analysts at Jefferies Group upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. They now have a $54.00 price target on the stock, up previously from $33.00. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.95.
The stock has a 50-day moving average of $50.88 and a 200-day moving average of $38.92. The company has a market cap of $2.977 billion and a price-to-earnings ratio of 37.67.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $180.10 million for the quarter, compared to the consensus estimate of $157.81 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. On average, analysts predict that U.S. Silica Holdings will post $1.97 earnings per share for the current fiscal year.
US Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products.
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