US Silica Holdings Receives a Buy from Jefferies

By Jason Carr

Jefferies analyst Brad Handler reiterated a Buy rating on US Silica Holdings (NYSE: SLCA) today and set a price target of $43. The company’s shares closed on Friday at $35.52.

According to, Handler is ranked 0 out of 5 stars with an average return of -6.7% and a 38.2% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on US Silica Holdings is Strong Buy and the average price target is $42.92, representing a 20.8% upside.

In a report issued on November 7, Scotiabank also maintained a Buy rating on the stock with a $47 price target.

Based on US Silica Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $345 million and quarterly net profit of $41.27 million. In comparison, last year the company earned revenue of $138 million and had a GAAP net loss of $11.34 million.

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U.S. Silica Holdings, Inc. engages in the production of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica and aplite clay. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments.