US Silica Holdings Receives a Buy from KeyBanc

By Jason Carr

KeyBanc analyst Robin Shoemaker reiterated a Buy rating on US Silica Holdings (NYSE: SLCA) yesterday and set a price target of $50. The company’s shares closed yesterday at $50.61, close to its 52-week high of $51.31.

According to TipRanks.com, Shoemaker is ranked #3839 out of 4243 analysts.

US Silica Holdings has an analyst consensus of Strong Buy, with a price target consensus of $53.67.

Based on US Silica Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $138 million and GAAP net loss of $11.34 million. In comparison, last year the company earned revenue of $155 million and had a net profit of $2.41 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Michael L. Winkler, the VP, Chief Operating Officer of SLCA sold 64,123 shares for a total of $2,693,166.

U.S. Silica Holdings, Inc. is a producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The company operates through two business segments: Oil & Gas Proppants and Industrial & Specialty Products. The Oil & Gas Proppants segment serves the oil and gas recovery market providing fracturing sand which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The industrial & specialty products segment consists of products and materials used in a variety of industries including, container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products and filtration products. U.S. Silica Holdings was founded on November 14, 2008 and is headquartered in Frederick, MD.