U.S. Silica Holdings Inc. (NYSE:SLCA) had its price target boosted by research analysts at Cowen and Company from $42.00 to $52.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the mining company’s stock. Cowen and Company’s target price suggests a potential upside of 7.46% from the company’s current price.
A number of other brokerages have also recently commented on SLCA. Johnson Rice began coverage on U.S. Silica Holdings in a research note on Monday. They issued an “accumulate” rating and a $56.00 price objective for the company. Royal Bank Of Canada raised their price objective on U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Raymond James Financial Inc. raised their target price on U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, September 23rd. RBC Capital Markets restated a “buy” rating and issued a $56.00 target price (up previously from $44.00) on shares of U.S. Silica Holdings in a report on Friday, September 23rd. Finally, Credit Suisse Group AG restated a “focus list” rating and issued a $49.00 target price (up previously from $42.00) on shares of U.S. Silica Holdings in a report on Wednesday, September 7th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. U.S. Silica Holdings presently has a consensus rating of “Buy” and a consensus target price of $37.99.
U.S. Silica Holdings (NYSE:SLCA) opened at 48.39 on Tuesday. The firm’s market capitalization is $3.08 billion. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $33.86. U.S. Silica Holdings has a 12-month low of $13.54 and a 12-month high of $49.98.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, August 2nd. The mining company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.03. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. The firm earned $117 million during the quarter, compared to analysts’ expectations of $114.53 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Silica Holdings will post ($0.65) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Thursday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, September 13th. U.S. Silica Holdings’s payout ratio is -39.06%.
In related news, SVP Don D. Weinheimer sold 30,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the senior vice president now directly owns 38,130 shares in the company, valued at $1,601,460. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Bradford B. Casper sold 12,273 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $45.81, for a total value of $562,226.13. Following the transaction, the executive vice president now owns 18,699 shares of the company’s stock, valued at $856,601.19. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. MCF Advisors LLC boosted its position in U.S. Silica Holdings by 73.5% in the second quarter. MCF Advisors LLC now owns 2,997 shares of the mining company’s stock valued at $103,000 after buying an additional 1,270 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in U.S. Silica Holdings during the second quarter valued at approximately $153,000. BlackRock Inc. boosted its position in U.S. Silica Holdings by 171.3% in the first quarter. BlackRock Inc. now owns 4,710 shares of the mining company’s stock valued at $108,000 after buying an additional 2,974 shares during the last quarter. Strs Ohio boosted its position in U.S. Silica Holdings by 2,600.0% in the second quarter. Strs Ohio now owns 5,400 shares of the mining company’s stock valued at $186,000 after buying an additional 5,200 shares during the last quarter. Finally, SevenBridge Financial Group LLC acquired a new position in U.S. Silica Holdings during the second quarter valued at approximately $195,000. Institutional investors and hedge funds own 97.26% of the company’s stock.
U.S. Silica Holdings Company Profile
U.S. Silica Holdings, Inc (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.
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