How Credit Suisse Currently Rates U.S. Silica (NYSE:SLCA)
Credit Suisse commenced coverage coverage on U.S. Silica (NYSE:SLCA) shares recently in a recent report sent to investors and clients on Monday morning. The broker has decided to place a “Outperform” rating on SLCA stock.
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 $23.92 with a 22.36% above today’s ($18.25) stock price. U.S. Silica was the topic of 17 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. DA Davidson initiated shares on December 7 with “Buy” rating. SunTrust downgraded shares to “Neutral” rating and $20 target share price in a report from an August 24. Guggenheim upgraded SLCA stock in a recent report from October 28 to “Buy” rating. Finally, Jefferies downgraded the stock to “Underperform” rating in a report issued on a September 11.
Approximately 178,961 shares of stock traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has declined 45.05% since May 18, 2015 and is downtrending. It has underperformed by 39.24% 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 $994.47 million. The Firm operates in two divisions: Oil & Gas Proppants and Industrial & Specialty Products. It has 16.38 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.”