U.S. Silica Holdings, Inc. (NYSE:SLCA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

SLCA has been the subject of several other reports. Evercore ISI began coverage on U.S. Silica Holdings in a research note on Thursday, May 25th. They set an “outperform” rating and a $48.00 price objective for the company. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Saturday, April 29th. Jefferies Group LLC set a $65.00 price objective on U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada set a $60.00 price objective on U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, Morgan Stanley reduced their price objective on U.S. Silica Holdings from $76.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. U.S. Silica Holdings presently has an average rating of “Buy” and a consensus price target of $52.01.

U.S. Silica Holdings (NYSE:SLCA) traded up 1.3350% during mid-day trading on Friday, hitting $25.7999. The company had a trading volume of 254,891 shares. U.S. Silica Holdings has a 52-week low of $24.99 and a 52-week high of $61.49. The firm has a market cap of $2.10 billion, a P/E ratio of 147.4280 and a beta of 2.33. The stock’s 50 day moving average price is $30.98 and its 200 day moving average price is $42.16.

U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The company’s revenue was up 148.3% compared to the same quarter last year. During the same period last year, the company posted ($0.17) EPS. On average, equities research analysts predict that U.S. Silica Holdings will post $1.53 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in SLCA. Investec Asset Management LTD raised its stake in shares of U.S. Silica Holdings by 60.4% in the second quarter. Investec Asset Management LTD now owns 545,936 shares of the mining company’s stock valued at $19,375,000 after buying an additional 205,591 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of U.S. Silica Holdings by 5.9% in the second quarter. PNC Financial Services Group Inc. now owns 18,504 shares of the mining company’s stock valued at $657,000 after buying an additional 1,027 shares in the last quarter. Profund Advisors LLC raised its stake in shares of U.S. Silica Holdings by 5.0% in the second quarter. Profund Advisors LLC now owns 18,855 shares of the mining company’s stock valued at $669,000 after buying an additional 895 shares in the last quarter. Amalgamated Bank raised its stake in shares of U.S. Silica Holdings by 14.0% in the second quarter. Amalgamated Bank now owns 11,191 shares of the mining company’s stock valued at $397,000 after buying an additional 1,373 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of U.S. Silica Holdings by 3.0% in the second quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock valued at $331,854,000 after buying an additional 274,356 shares in the last quarter.

About U.S. Silica Holdings

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.

Analyst Recommendations for U.S. Silica Holdings (NYSE:SLCA)

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