U.S. Silica Holdings Inc. (NYSE:SLCA) had its price target increased by Citigroup Inc. from $48.00 to $57.00 in a report issued on Tuesday morning. The brokerage currently has a buy rating on the mining company’s stock.
A number of other equities analysts have also recently issued reports on SLCA. DA Davidson cut shares of U.S. Silica Holdings from a buy rating to a neutral rating and set a $36.00 price objective for the company. in a research note on Monday, June 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a hold rating to a strong-buy rating and set a $37.00 target price for the company in a research report on Wednesday, June 29th. Jefferies Group upgraded shares of U.S. Silica Holdings from a hold rating to a buy rating and increased their target price for the stock from $25.00 to $41.00 in a research report on Monday, July 11th. Royal Bank Of Canada increased their target price on shares of U.S. Silica Holdings from $39.00 to $44.00 and gave the stock an outperform rating in a research report on Tuesday, July 19th. Finally, Cowen and Company increased their target price on shares of U.S. Silica Holdings from $29.00 to $42.00 and gave the stock an outperform rating in a research report on Wednesday, July 20th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $37.99.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 47.63 on Tuesday. The stock has a 50 day moving average of $43.97 and a 200-day moving average of $34.15. U.S. Silica Holdings has a 52 week low of $13.54 and a 52 week high of $49.98. The firm’s market capitalization is $3.03 billion.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.03. U.S. Silica Holdings had a negative net margin of 6.70% and a negative return on equity of 7.76%. The company earned $117 million during the quarter, compared to analysts’ expectations of $114.53 million. During the same quarter in the prior year, the company posted $0.08 EPS. The business’s revenue was down 20.7% on a year-over-year basis. Analysts expect that U.S. Silica Holdings will post ($0.65) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.25 annualized dividend and a yield of 0.52%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently -39.06%.
In other U.S. Silica Holdings news, SVP Don D. Weinheimer sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the sale, the senior vice president now directly owns 38,130 shares in the company, valued at approximately $1,601,460. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael L. Winkler sold 64,123 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $42.00, for a total transaction of $2,693,166.00. Following 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. Company insiders own 1.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake in U.S. Silica Holdings by 86,278.5% in the first quarter. Loomis Sayles & Co. L P now owns 342,059 shares of the mining company’s stock worth $7,772,000 after buying an additional 341,663 shares during the period. State Street Corp increased its stake in U.S. Silica Holdings by 18.3% in the first quarter. State Street Corp now owns 1,585,269 shares of the mining company’s stock worth $36,017,000 after buying an additional 245,209 shares during the period. Credit Agricole S A increased its stake in U.S. Silica Holdings by 348.2% in the first quarter. Credit Agricole S A now owns 120,020 shares of the mining company’s stock worth $2,727,000 after buying an additional 93,240 shares during the period. Palisade Capital Management LLC NJ acquired a new stake in U.S. Silica Holdings during the first quarter worth about $922,000. Finally, JPMorgan Chase & Co. increased its stake in U.S. Silica Holdings by 26,916.1% in the first quarter. JPMorgan Chase & Co. now owns 223,423 shares of the mining company’s stock worth $5,076,000 after buying an additional 222,596 shares during the period. Hedge funds and other institutional investors own 97.25% 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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