DA Davidson Downgrades U.S. Silica Holdings Inc to Neutral

Brokerage firm DA Davidson Downgrades its rating on U.S. Silica Holdings Inc(NYSE:SLCA). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Jun 13, 2016.

In a different note, On May 26, 2016, Morgan Stanley said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 23, 2016, RBC Capital said it Upgrades its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 28, 2016, Ladenburg Thalmann said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, Morgan Stanley said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 19, 2016, Morgan Stanley said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 31, 2016, Piper Jaffray said it Upgrades its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Overweight’ by the firm.

U.S. Silica Holdings Inc (SLCA) made into the market gainers list on Fridays trading session with the shares advancing 3.03% or 0.98 points. Due to strong positive momentum, the stock ended at $33.32, which is also near the day’s high of $33.935. The stock began the session at $32.42 and the volume stood at 25,21,735 shares. The 52-week high of the shares is $34.69 and the 52 week low is $13.48. The company has a current market capitalization of $2,116 M and it has 6,35,01,408 shares in outstanding.

U.S. Silica Holdings Inc(SLCA) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $122.51M. Analysts had an estimated revenue of $123.06M. Earnings per share were $-0.19. Analysts had estimated an EPS of $-0.27.

Several Insider Transactions has been reported to the SEC. On Nov 19, 2015, Daniel W Avramovich (director) sold 10,000 shares at $19.49 per share price.Also, On Sep 29, 2015, Bryan Adair Shinn (CEO) purchased 20,000 shares at $13.97 per share price.On May 11, 2015, Jason Leroy Tedrow (VP, Supply Chain) sold 4,015 shares at $34.62 per share price, according to the Form-4 filing with the securities and exchange commission.

U.S. Silica Holdings Inc. (U.S. Silica) is a domestic producer of commercial silica a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment the Company serves the oil and gas recovery market providing fracturing sand or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

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