KeyCorp Reiterates Overweight Rating for U.S. Silica Holdings, Inc. (SLCA)
KeyCorp reaffirmed their overweight rating on shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) in a report issued on Wednesday, Marketbeat.com reports. They currently have a $40.00 target price on the mining company’s stock.
A number of other research firms have also recently commented on SLCA. BidaskClub cut U.S. Silica Holdings from a hold rating to a sell rating in a research note on Friday, August 11th. Citigroup Inc. decreased their price target on U.S. Silica Holdings from $58.00 to $52.00 and set a buy rating for the company in a research note on Friday, June 9th. Jefferies Group LLC reiterated a buy rating and issued a $45.00 price target (down from $65.00) on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. ValuEngine cut U.S. Silica Holdings from a hold rating to a sell rating in a research note on Friday, September 1st. Finally, Barclays PLC reiterated an equal weight rating and issued a $45.00 price target on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company. U.S. Silica Holdings presently has an average rating of Buy and an average target price of $49.92.
U.S. Silica Holdings (NYSE SLCA) opened at 30.63 on Wednesday. The stock has a 50 day moving average price of $28.91 and a 200 day moving average price of $34.83. U.S. Silica Holdings has a 52-week low of $24.26 and a 52-week high of $61.49. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 175.03 and a beta of 2.32.
U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The company had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $316.43 million. During the same period last year, the business posted ($0.17) earnings per share. The firm’s revenue was up 148.3% compared to the same quarter last year. Analysts expect that U.S. Silica Holdings will post $1.54 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 0.82%. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 14th. U.S. Silica Holdings’s dividend payout ratio (DPR) is 192.31%.
A number of institutional investors have recently bought and sold shares of SLCA. BlackRock Inc. grew its holdings in U.S. Silica Holdings by 64,463.2% during the first quarter. BlackRock Inc. now owns 9,076,290 shares of the mining company’s stock worth $435,571,000 after acquiring an additional 9,062,232 shares during the period. Van Berkom & Associates Inc. grew its holdings in U.S. Silica Holdings by 111.1% during the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock worth $63,069,000 after acquiring an additional 935,430 shares during the period. State Street Corp grew its holdings in U.S. Silica Holdings by 35.4% during the second quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock worth $94,554,000 after acquiring an additional 696,893 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in U.S. Silica Holdings during the second quarter worth about $22,977,000. Finally, Victory Capital Management Inc. grew its holdings in U.S. Silica Holdings by 178.7% during the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock worth $34,101,000 after acquiring an additional 616,051 shares during the period.
U.S. Silica Holdings Company Profile
U.S. Silica Holdings, Inc 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, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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