U.S. Silica (NYSE:SLCA) Downgraded to Hold at R. F. Lafferty

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R. F. Lafferty cut shares of U.S. Silica (NYSE:SLCA) from a buy rating to a hold rating in a report published on Tuesday morning, BenzingaRatingsTable reports. R. F. Lafferty currently has $8.00 price target on the mining company’s stock, down from their prior price target of $14.00.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley lifted their price target on shares of U.S. Silica from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Friday, July 12th. ValuEngine raised shares of U.S. Silica from a strong sell rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Citigroup cut their price objective on shares of U.S. Silica from $13.50 to $10.00 and set a neutral rating on the stock in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $19.81.

Shares of NYSE SLCA opened at $10.91 on Tuesday. The company’s fifty day moving average is $11.28 and its 200-day moving average is $13.24. The stock has a market cap of $773.33 million, a price-to-earnings ratio of 6.91, a P/E/G ratio of 300.29 and a beta of 2.58. U.S. Silica has a twelve month low of $8.72 and a twelve month high of $21.11. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 1.33.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. The company had revenue of $394.85 million for the quarter, compared to analysts’ expectations of $396.72 million. U.S. Silica had a negative net margin of 16.92% and a positive return on equity of 6.49%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. On average, research analysts anticipate that U.S. Silica will post 0.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be given a $0.063 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.25 annualized dividend and a yield of 2.31%. U.S. Silica’s dividend payout ratio is currently 15.82%.

A number of institutional investors and hedge funds have recently bought and sold shares of SLCA. First Trust Advisors LP increased its stake in U.S. Silica by 46.4% in the 1st quarter. First Trust Advisors LP now owns 209,978 shares of the mining company’s stock valued at $3,645,000 after buying an additional 66,514 shares during the last quarter. White Pine Capital LLC acquired a new stake in U.S. Silica in the 1st quarter valued at $495,000. Banque Pictet & Cie SA acquired a new stake in U.S. Silica in the 2nd quarter valued at $177,000. Fort Point Capital Partners LLC acquired a new stake in U.S. Silica in the 1st quarter valued at $207,000. Finally, Van ECK Associates Corp increased its stake in U.S. Silica by 84.2% in the 2nd quarter. Van ECK Associates Corp now owns 975,644 shares of the mining company’s stock valued at $12,478,000 after buying an additional 445,860 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.

U.S. Silica Company Profile

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, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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

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