U.S. Silica Holdings Inc (SLCA) Given Average Recommendation of “Buy” by Analysts
U.S. Silica Holdings Inc (NYSE:SLCA) has earned an average rating of “Buy” from the twenty-one ratings firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seventeen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $54.52.
SLCA has been the subject of a number of analyst reports. Zacks Investment Research lowered U.S. Silica Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, December 14th. Goldman Sachs Group Inc initiated coverage on U.S. Silica Holdings in a research note on Friday, December 16th. They issued a “buy” rating and a $67.00 price target for the company. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of U.S. Silica Holdings in a research note on Thursday, December 1st. Howard Weil increased their price target on U.S. Silica Holdings from $46.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Friday, December 2nd. Finally, Morgan Stanley increased their price target on U.S. Silica Holdings to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 31st.
Shares of U.S. Silica Holdings (NYSE:SLCA) traded down 1.25% during midday trading on Monday, reaching $45.94. The company’s stock had a trading volume of 1,021,156 shares. The company’s market cap is $3.72 billion. U.S. Silica Holdings has a 12 month low of $20.24 and a 12 month high of $61.49. The company’s 50-day moving average price is $53.86 and its 200-day moving average price is $50.36.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Wednesday, February 22nd. The mining company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. U.S. Silica Holdings had a negative return on equity of 7.51% and a negative net margin of 9.61%. The business earned $182.40 million during the quarter, compared to analyst estimates of $176.42 million. During the same quarter in the prior year, the business posted ($0.26) EPS. U.S. Silica Holdings’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Silica Holdings will post $1.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 13th. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently -29.41%.
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In other U.S. Silica Holdings news, SVP David D. Murry sold 5,971 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $60.00, for a total transaction of $358,260.00. Following the completion of the transaction, the senior vice president now owns 14,458 shares of the company’s stock, valued at approximately $867,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new position in U.S. Silica Holdings during the third quarter valued at approximately $279,000. Windward Capital Management Co. CA bought a new position in U.S. Silica Holdings during the third quarter valued at approximately $206,000. Bank of Montreal Can increased its position in U.S. Silica Holdings by 23.6% in the third quarter. Bank of Montreal Can now owns 3,305 shares of the mining company’s stock valued at $154,000 after buying an additional 631 shares during the period. Nationwide Fund Advisors increased its position in U.S. Silica Holdings by 87.2% in the third quarter. Nationwide Fund Advisors now owns 78,651 shares of the mining company’s stock valued at $3,662,000 after buying an additional 36,646 shares during the period. Finally, Lebenthal Lisanti Capital Growth LLC increased its position in U.S. Silica Holdings by 4.5% in the third quarter. Lebenthal Lisanti Capital Growth LLC now owns 42,755 shares of the mining company’s stock valued at $1,991,000 after buying an additional 1,845 shares during the period. 83.50% of the stock is owned by institutional investors and hedge funds.
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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