According to Zacks, “U.S. Silica Holdings, Inc. is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay. The company also operates as a research and development specialist for customized products and solutions. The industries and applications served by U.S. Silica includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland. “
SLCA has been the topic of a number of other research reports. DA Davidson lowered shares of U.S. Silica Holdings from a buy rating to a neutral rating and set a $36.00 price objective on the stock. in a report on Monday, June 13th. They noted that the move was a valuation call. Johnson Rice began coverage on shares of U.S. Silica Holdings in a report on Monday, October 10th. They set an accumulate rating and a $56.00 price objective on the stock. Credit Suisse Group AG reissued a buy rating and set a $40.00 price objective (up previously from $32.00) on shares of U.S. Silica Holdings in a report on Wednesday, July 20th. Cowen and Company increased their price objective on shares of U.S. Silica Holdings from $42.00 to $52.00 and gave the stock an outperform rating in a report on Tuesday, October 11th. Finally, Howard Weil increased their price objective on shares of U.S. Silica Holdings from $32.00 to $35.00 and gave the stock a sector perform rating in a report on Thursday, August 4th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $37.99.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 47.63 on Tuesday. The firm’s market cap is $3.03 billion. The stock’s 50 day moving average is $43.97 and its 200-day moving average is $34.15. 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 issued its quarterly earnings data on Tuesday, August 2nd. The mining company reported ($0.19) EPS for the quarter, topping 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 firm had revenue of $117 million for the quarter, compared to analyst estimates of $114.53 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue was down 20.7% on a year-over-year basis. On average, analysts anticipate that U.S. Silica Holdings will post ($0.65) EPS for the current fiscal year.
The company also recently announced 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 was Tuesday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 0.52%. U.S. Silica Holdings’s dividend payout ratio is presently -39.06%.
In other U.S. Silica Holdings news, EVP Bradford B. Casper sold 12,273 shares of U.S. Silica Holdings stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $45.81, for a total transaction of $562,226.13. Following the completion of the transaction, the executive vice president now directly owns 18,699 shares of the company’s stock, valued at $856,601.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David D. Murry sold 6,352 shares of U.S. Silica Holdings stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $45.00, for a total transaction of $285,840.00. Following the transaction, the senior vice president now directly owns 14,839 shares of the company’s stock, valued at $667,755. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its position in U.S. Silica Holdings by 16.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,480,389 shares of the mining company’s stock worth $33,634,000 after buying an additional 213,617 shares during the period. Teachers Advisors Inc. increased its position in shares of U.S. Silica Holdings by 10.7% in the first quarter. Teachers Advisors Inc. now owns 94,910 shares of the mining company’s stock valued at $2,156,000 after buying an additional 9,149 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of U.S. Silica Holdings during the second quarter valued at approximately $2,919,000. JPMorgan Chase & Co. increased its position in shares of 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 valued at $5,076,000 after buying an additional 222,596 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of U.S. Silica Holdings during the first quarter valued at approximately $1,136,000. 97.25% of the stock is owned by hedge funds and other institutional investors.
About U.S. Silica Holdings
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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