U.S. Silica (SLCA) is Initiated by Credit Suisse to Outperform

U.S. Silica (SLCA) is Initiated by Credit Suisse to Outperform , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) ended Thursday session in red amid volatile trading. The shares closed down 1.86 points or 8.92% at $18.99 with 2,568,671 shares getting traded. Post opening the session at $20.8, the shares hit an intraday low of $18.81 and an intraday high of $20.8 and the price vacillated in this range throughout the day. The company has a market cap of $1,014 million and the number of outstanding shares has been calculated to be 53,384,160 shares. The 52-week high of U.S. Silica Holdings, Inc. (NYSE:SLCA) is $40.17 and the 52-week low is $13.48.

During the last several months other analysts have commented on the company rating. DA Davidson initiates coverage on U.S. Silica Holdings, Inc. (NYSE:SLCA) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $32 per share. The rating by the firm was issued on December 7, 2015.

Analysts at Zacks have given a short term rating of hold on U.S. Silica Holdings, Inc. (NYSE:SLCA) with a rank of 3. The shares has received an average rating of 2 from 15 brokerage firms. 8 analysts have rated the company as a strong buy. The shares has been rated as hold from 6 Wall Street Analysts. A sell call was given by 1 analyst.

U.S. Silica Holdings, Inc. (NYSE:SLCA): The mean estimate for the short term price target for U.S. Silica Holdings, Inc. (NYSE:SLCA) stands at $25.67 according to 12 Analysts. The higher price target estimate for the stock has been calculated at $41 while the lower price target estimate is at $14.

U.S. Silica Holdings, Inc. has lost 8.95% in the last five trading days and dropped 0.54% in the last 4 weeks. U.S. Silica Holdings, Inc. is up 5.29% in the last 3-month period. Year-to-Date the stock performance stands at -24.78%.”

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. It includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. The Company’s products include proppants, whole grain silica, ground silica, fine ground silica, testing silica, recreational silica, aplite, kaolin, hydrous kaolin and FLORISIL. It also operates as a research and development specialist for customized products and solutions. The Company serves a range of industries and applications, which includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. In August 2014, U.S. Silica Holdings Inc acquired Cadre Services Inc., a regional sand mining company based in Voca, Texas.