.jpg "US Silica Holdings (NYSE: SLCA)")
Morgan Stanley analyst Connor Lynagh maintained a Sell rating on US Silica Holdings (SLCA) today and set a price target of $2.00. The company’s shares closed last Monday at $2.32, close to its 52-week low of $0.79.
According to TipRanks.com, Lynagh is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -19.9% and a 38.0% success rate. Lynagh covers the Services sector, focusing on stocks such as Independence Contract Drilling, Nextier Oilfield Solutions, and Diamond Offshore Drilling.
Currently, the analyst consensus on US Silica Holdings is a Hold with an average price target of $2.47.
See today’s analyst top recommended stocks >>
Based on US Silica Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $270 million and GAAP net loss of $72.35 million. In comparison, last year the company earned revenue of $379 million and had a GAAP net loss of $19.32 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SLCA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
U.S. Silica Holdings, Inc. engages in the provision of commercial silica products. It operates through Oil and Gas Proppants; and Industrial and Specialty Products segments. The Oil and Gas Proppants segment focuses in delivering 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 and 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. The company was founded on November 14, 2008 and is headquartered in Katy, TX.
