Stock Analysis:U.S. Silica Holdings Inc (NYSE:SLCA) Stock Target Raised
In a comprehensive report released by RBC Capital Markets on Friday, 18 December, U.S. Silica Holdings Inc (NYSE:SLCA) had its PT lifted to $21.00. The firm now has a solid Sector Perform rating on shares.
From a total of 13 analysts covering U.S. Silica (NYSE:SLCA) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $41 while the lowest target price is $14. The mean of all analyst targets is $23.77 with a 20.42% above today’s ($18.36) stock price. U.S. Silica was the topic of 16 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. DA Davidson initiated shares on December 7 with “Buy” rating. Jefferies downgraded shares to “Underperform” rating and $14 target share price in a report from a September 11. Cowen & Co maintained SLCA stock in a recent report from October 29 with “Outperform” rating. SunTrust downgraded the rating on August 24. SunTrust has a “Neutral” rating and a $20 price target on shares. Finally, Oppenheimer maintained the stock with “Perform” rating in a report issued on an October 1.
Approximately 1.87M shares of stock traded hands or 7.47% up from the average. U.S. Silica Holdings Inc (NYSE:SLCA) has declined 45.18% since May 15, 2015 and is downtrending. It has underperformed by 41.37% the S&P500.
U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The company has a market cap of $1.10 billion. The Firm operates in two divisions: Oil & Gas Proppants and Industrial & Specialty Products. It has 16.48 P/E ratio. In the Oil & Gas Proppants segment, the Company serves the gas and oil recovery market providing fracturing sand, or frac sand.
According to Zacks Investment Research, “U.S. Silica Holdings, Inc. is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay. The company also operates as a research and development specialist for customized products and solutions. The industries and applications served by U.S. Silica includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland.”