Dahlman Rose Starts U.S. Silica Holdings (SLCA) at Buy; Meaningful Growth Ahead
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Price: $13.06 +1.63%
Rating Summary:
10 Buy, 15 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
10 Buy, 15 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Dahlman Rose initiates coverage on U.S. Silica Holdings (NYSE: SLCA) with a Buy. PT $25.00.
Dahlman a nalyst said, "We expect US Silica to grow pro forma operating earnings from roughly $0.80 in 2011 to $2.10 by 2013 based on two growth projects that came on-line in 4Q11, the re-contracting to market prices of $70-$80 per ton from roughly $50 per ton (most of which has already occurred), and the entrance into resin-coated sand (RCS) by 2013. We believe there could be upside to EPS estimates from lower operating cost inflation than modeled, higher roll-over prices, the potential Greenfield frac sand expansion, and from a second RCS line."
For an analyst ratings summary and ratings history on U.S. Silica Holdings click here. For more ratings news on U.S. Silica Holdings click here.
Shares of U.S. Silica Holdings closed at $21.09 yesterday.
Dahlman a nalyst said, "We expect US Silica to grow pro forma operating earnings from roughly $0.80 in 2011 to $2.10 by 2013 based on two growth projects that came on-line in 4Q11, the re-contracting to market prices of $70-$80 per ton from roughly $50 per ton (most of which has already occurred), and the entrance into resin-coated sand (RCS) by 2013. We believe there could be upside to EPS estimates from lower operating cost inflation than modeled, higher roll-over prices, the potential Greenfield frac sand expansion, and from a second RCS line."
For an analyst ratings summary and ratings history on U.S. Silica Holdings click here. For more ratings news on U.S. Silica Holdings click here.
Shares of U.S. Silica Holdings closed at $21.09 yesterday.
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