U.S. Silica Holdings Inc (SLCA) Given Average Rating of “Hold” by Brokerages

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Shares of U.S. Silica Holdings Inc (NYSE:SLCA) have earned an average rating of “Hold” from the twenty-three ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $26.94.

A number of equities analysts have issued reports on SLCA shares. Zacks Investment Research raised shares of U.S. Silica from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Barclays cut their price objective on shares of U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Royal Bank of Canada cut their price objective on shares of U.S. Silica to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, October 24th. Johnson Rice set a $17.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, B. Riley set a $17.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a report on Friday, November 9th.

In related news, Director William Jennings Kacal purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The shares were bought at an average cost of $11.29 per share, with a total value of $56,450.00. Following the acquisition, the director now owns 78,815 shares of the company’s stock, valued at $889,821.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of SLCA. Raymond James & Associates raised its stake in U.S. Silica by 11.8% in the 2nd quarter. Raymond James & Associates now owns 32,917 shares of the mining company’s stock valued at $846,000 after acquiring an additional 3,475 shares during the period. Bank of America Corp DE raised its stake in U.S. Silica by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 710,339 shares of the mining company’s stock valued at $18,249,000 after acquiring an additional 36,715 shares during the period. Tower Research Capital LLC TRC raised its stake in U.S. Silica by 2,190.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,162 shares of the mining company’s stock valued at $235,000 after acquiring an additional 8,762 shares during the period. Northern Trust Corp raised its stake in U.S. Silica by 4.0% in the 2nd quarter. Northern Trust Corp now owns 1,754,931 shares of the mining company’s stock valued at $45,084,000 after acquiring an additional 67,546 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in U.S. Silica in the 3rd quarter valued at about $504,000.

NYSE SLCA opened at $13.47 on Friday. U.S. Silica has a 12-month low of $9.30 and a 12-month high of $34.34. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15. The firm has a market capitalization of $1.04 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 12.12 and a beta of 2.21.

The business also recently declared a quarterly dividend, which was paid on Friday, January 4th. Investors of record on Friday, December 14th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, December 13th. U.S. Silica’s dividend payout ratio (DPR) is currently 16.67%.

About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

Read More: Cost of Equity For A Business, Investors

Analyst Recommendations for U.S. Silica (NYSE:SLCA)

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