U.S. Silica Holdings Inc. (NYSE:SLCA)‘s stock had its “buy” rating reissued by investment analysts at RBC Capital Markets in a note issued to investors on Friday. They currently have a $56.00 price target on the mining company’s stock, up from their prior price target of $44.00. RBC Capital Markets’ price target suggests a potential upside of 30.60% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the company. Royal Bank Of Canada raised 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. Credit Suisse Group AG restated a “focus list” rating and issued a $49.00 price target (up previously from $42.00) on shares of U.S. Silica Holdings in a research report on Wednesday, September 7th. Zacks Investment Research upgraded U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, August 20th. Citigroup Inc. raised their price target on U.S. Silica Holdings from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, Vetr upgraded U.S. Silica Holdings from a “buy” rating to a “strong-buy” rating and set a $43.81 price target for the company in a research report on Wednesday, August 24th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $36.31.
U.S. Silica Holdings (NYSE:SLCA) traded down 4.82% on Friday, reaching $42.88. 2,609,506 shares of the company’s stock were exchanged. U.S. Silica Holdings has a 1-year low of $13.48 and a 1-year high of $46.22. The company has a 50 day moving average price of $40.96 and a 200-day moving average price of $31.48. The company’s market capitalization is $2.73 billion.
U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings data on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.03. The firm earned $117 million during the quarter, compared to analysts’ expectations of $114.53 million. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. U.S. Silica Holdings’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. On average, equities research analysts anticipate that U.S. Silica Holdings will post ($0.66) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 15th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, September 13th. 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 the business’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 $1,260,000.00. Following the transaction, the senior vice president now directly owns 38,130 shares of the company’s stock, valued at approximately $1,601,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David D. Murry sold 6,352 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $45.00, for a total value of $285,840.00. Following the transaction, the senior vice president now directly owns 14,839 shares in the company, valued at $667,755. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its position 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 valued at $103,000 after buying an additional 1,270 shares during the period. Panagora Asset Management Inc. bought a new position in U.S. Silica Holdings during the second quarter valued at approximately $153,000. BlackRock Inc. raised its position 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 valued at $108,000 after buying an additional 2,974 shares during the period. Envestnet Asset Management Inc. raised its position in U.S. Silica Holdings by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 5,086 shares of the mining company’s stock valued at $116,000 after buying an additional 330 shares during the period. Finally, Strs Ohio raised its position 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 valued at $186,000 after buying an additional 5,200 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
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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