Estimates for U.S. Silica poised to rise after Q1 results, says Wells Fargo After U.S. Silica reported higher than expected Q1 revenue and volumes, Wells Fargo expects estimates for the company to rise. The firm believes that the company's 2014 EBITDA guidance could be too conservative, and it keeps an Outperform rating on the shares.
News For SLCA From The Last 14 Days
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U.S. Silica price target raised ot $80 from $59 at Morgan Stanley Morgan Stanley raised U.S. Silica's price target to $80 and said it continues to be a top Overweight small-cap pick. The firm expects a multi-year frac sand shortage and for demand to nearly double in 2016 vs. 2013. The analyst believes industry capacity growth is being held back by distribution issues and believes U.S. Silica has strong logistic capabilities and pricing power.