U.S. Silica Holdings Inc(NYSE:SLCA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $182.373M. Analysts estimated a revenue of $176.420M. The revenues were 3.37% above the estimates. Earnings per share were $-0.07. The reported EPS was above estimates by 30%. Analysts had estimated an EPS of $-0.1.
In a different note, SunTrust Robinson Humphrey said it Initiates Coverage On U.S. Silica Holdings Inc, according to a research note issued on Jan 18, 2017. In the research note, the firm Announces the price-target to $72 per share. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage On U.S. Silica Holdings Inc, according to a research note issued on Dec 16, 2016. In the research note, the firm Announces the price-target to $67 per share. The shares have been rated ‘Buy’ by the firm. On Dec 12, 2016, DA Davidson said it Downgrades its rating on U.S. Silica Holdings Inc. In the research note, the firm Lowers the price-target to $42 per share. The shares have been rated ‘Underperform’ by the firm.
U.S. Silica Holdings Inc (SLCA) made into the market gainers list on Wednesdays trading session with the shares advancing 2.41% or 1.4 points. Due to strong positive momentum, the stock ended at $59.5, which is also near the day’s high of $60.95. The stock began the session at $58.21 and the volume stood at 27,38,370 shares. The 52-week high of the shares is $60.95 and the 52 week low is $13.54. The company has a current market capitalization of $4,738 M and it has 7,96,36,892 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 2, 2017, David D. Murry (SVP & CHRO) sold 5,971 shares at $60.00 per share price.Also, On Sep 30, 2016, Bradford B Casper (EVP & Chief Commercial Officer) sold 12,273 shares at $46.08 per share price.On Aug 23, 2016, Don D Weinheimer (SVP & President, O&G Proppants) sold 30,000 shares at $42.00 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.