Citigroup Maintains U.S. Silica Holdings Inc to Buy with Price Target $48.00

Brokerage firm Citigroup Maintains its rating on U.S. Silica Holdings Inc(NYSE:SLCA). In a research note issued to the investors, the brokerage major Raises the price-target to $48.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Sep 12, 2016.

In a different note, Barclays said it Initiates Coverage on U.S. Silica Holdings Inc, according to a research note issued on Aug 10, 2016. The shares have been rated ‘Overweight’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, Jefferies said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Jefferies said it Upgrades its rating on U.S. Silica Holdings Inc. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Buy’ by the firm.

U.S. Silica Holdings Inc (SLCA) made into the market gainers list on Tuesdays trading session with the shares advancing 0.23% or 0.1 points. Due to strong positive momentum, the stock ended at $43.19, which is also near the day’s high of $43.7. The stock began the session at $42.94 and the volume stood at 13,04,928 shares. The 52-week high of the shares is $43.7 and the 52 week low is $13.48. The company has a current market capitalization of $2,746 M and it has 6,35,83,321 shares in outstanding.

U.S. Silica Holdings Inc(SLCA) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $116.99M. Analysts had an estimated revenue of $114.58M. Earnings per share were $-0.17. Analysts had estimated an EPS of $-0.22.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Don D Weinheimer (SVP & President, O&G Proppants) sold 30,000 shares at $42.00 per share price.Also, On Aug 23, 2016, Michael L Winkler (EVP & Chief Operating Officer) sold 64,123 shares at $42.00 per share price.On Aug 9, 2016, Bradford B Casper (EVP & Chief Commercial Officer) sold 8,574 shares at $39.15 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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