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U.S. Silica (NYSE:SLCA) -4.7% in Monday’s buying and selling as Evercore ISI downgraded shares to Inline from Outperform with a $20 worth goal, citing valuation because the inventory seems totally valued primarily based on the analyst’s 2023 EBITDA estimate.
U.S. Silica (SLCA) is “working on all cylinders,” analyst Samantha Hoh says, and the inventory is a “must-own” in an oilfield companies portfolio, however she sees higher threat/reward elsewhere within the close to time period.
The corporate reported sturdy Q1 beats amongst EPS, EBITDA and revenues, producing free money circulate of $8M and lowering web debt by $3.5M regardless of larger working capital and a money settlement for a provider contract termination, says Hoh, who additionally raises her full-year EBITDA estimate by 20% to $249M.
U.S. Silica (SLCA) shares have gained 89% YTD and 29% in the course of the previous 12 months.
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