Goldman Sachs analyst Waqar Syed believes frac sand fundamentals are becoming “Very Tight“
Analyst expects frac sand prices to continue to march higher for next several years.
Goldman Sachs Analyst comments:
“We believe investors are overly concerned about regional supply additions …
Practical issues such as permitting, contracting and infrastructure constraints will likely limit supply adds”
Analyst raised raised his price target on U.S. Silica Holdings (NYSE: SLCA) to $64.00 while maintaining a “BUY” rating.
Raised 2017 EBITDA estimate from $284.9 million -to- (new) $351.1 million
This positive view … Constitutes an upward revision of +23.00 percent
He also raised his 2018-2020 EBITDA average estimates from $636 million to $658 million.
FY 2017 EPS estimate rises from $1.27 to $1.80
FY 2018 EPS estimate rises from $3.35 to $3.51
FY 2019 EPS estimate rises from $4.06 to $4.21.