Johnson Rice assumed coverage on shares of U.S. Silica Holdings Inc. (NYSE:SLCA) in a report issued on Monday morning. The firm issued an accumulate rating and a $56.00 price objective on the mining company’s stock.
A number of other brokerages have also recently commented on SLCA. Citigroup Inc. raised their target price on U.S. Silica Holdings from $45.00 to $48.00 and gave the company a buy rating in a report on Monday, September 12th. Scotiabank reaffirmed a sector perform rating and issued a $35.00 price target (up previously from $32.00) on shares of U.S. Silica Holdings in a research report on Thursday, August 4th. Raymond James Financial Inc. increased their price target on U.S. Silica Holdings from $44.00 to $56.00 and gave the company an outperform rating in a research report on Friday, September 23rd. Vetr lowered U.S. Silica Holdings from a strong-buy rating to a buy rating and set a $40.31 price target on the stock. in a research report on Wednesday, August 3rd. Finally, Barclays PLC began coverage on U.S. Silica Holdings in a research report on Wednesday, August 10th. They issued an overweight rating and a $50.00 price target on the stock. Eight research 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 company’s stock. U.S. Silica Holdings has an average rating of Buy and an average target price of $37.99.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 48.68 on Monday. U.S. Silica Holdings has a 12 month low of $13.54 and a 12 month high of $49.98. The company has a 50-day moving average price of $43.73 and a 200-day moving average price of $33.96. The stock’s market cap is $3.10 billion.
U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Tuesday, August 2nd. The mining company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates 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 company earned $117 million during the quarter, compared to analysts’ expectations of $114.53 million. During the same period last year, the business posted $0.08 EPS. U.S. Silica Holdings’s revenue for the quarter was down 20.7% on a year-over-year basis. On average, analysts expect that U.S. Silica Holdings will post ($0.65) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Thursday, September 15th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.51%. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently -39.06%.
In related news, SVP Don D. Weinheimer sold 30,000 shares of U.S. Silica Holdings stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the sale, 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 can be accessed through this link. Also, COO Michael L. Winkler sold 64,123 shares of U.S. Silica Holdings stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $42.00, for a total value of $2,693,166.00. Following the completion of the sale, the chief operating officer now owns 57,674 shares in the company, valued at $2,422,308. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. MCF Advisors LLC increased its stake 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 worth $103,000 after buying an additional 1,270 shares during the period. Panagora Asset Management Inc. acquired a new stake in U.S. Silica Holdings during the second quarter worth $153,000. BlackRock Inc. increased its stake 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 worth $108,000 after buying an additional 2,974 shares during the period. Strs Ohio increased its stake 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 worth $186,000 after buying an additional 5,200 shares during the period. Finally, SevenBridge Financial Group LLC acquired a new stake in U.S. Silica Holdings during the second quarter worth $195,000. Hedge funds and other institutional investors 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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