In a report released today, Connor Lynagh from Morgan Stanley maintained a Hold rating on US Silica Holdings (SLCA – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $14.39.
Lynagh covers the Industrial Goods sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Nabors Industries. According to TipRanks, Lynagh has an average return of 2.3% and a 57.34% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for US Silica Holdings with a $18.00 average price target.
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The company has a one-year high of $21.54 and a one-year low of $8.72. Currently, US Silica Holdings has an average volume of 888.1K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLCA in relation to earlier this year.
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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.
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