Jefferies Lifts Numbers on U.S. Silica (SLCA) on EPS Confidence
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Price: $15.49 --0%
Rating Summary:
9 Buy, 16 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 16 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies raised estimate and its price target on Buy-rated U.S. Silica Holdings (NYSE: SLCA) from $17 to $19 saying the company is delivering earnings confidence.
The form comments, "We continue to grow more comfortable with earnings growth prospects for SLCA (if not share volatility) on capacity growth, but supplemented by a higher proportion of delivered product. We formally introduce an estimate of frac sand demand of 36MM tons per annum (tpa) by YE2013, which suggests manageable pricing risk, in our view. Further, recently announced special dividend highlights commitment to return cash. Maintain Buy."
FY13 EPS goes from $1.75 to $1.80.
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 $16.24 yesterday.
The form comments, "We continue to grow more comfortable with earnings growth prospects for SLCA (if not share volatility) on capacity growth, but supplemented by a higher proportion of delivered product. We formally introduce an estimate of frac sand demand of 36MM tons per annum (tpa) by YE2013, which suggests manageable pricing risk, in our view. Further, recently announced special dividend highlights commitment to return cash. Maintain Buy."
FY13 EPS goes from $1.75 to $1.80.
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 $16.24 yesterday.
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