U.S. Silica Holdings, Inc. (SLCA) Given a $43.00 Price Target at Jefferies Group LLC
Jefferies Group LLC set a $43.00 price objective on U.S. Silica Holdings, Inc. (NYSE:SLCA) in a research report released on Monday. The firm currently has a buy rating on the mining company’s stock. Jefferies Group also issued estimates for U.S. Silica Holdings’ Q2 2018 earnings at $0.89 EPS, Q3 2018 earnings at $1.16 EPS and Q4 2018 earnings at $1.02 EPS.
Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Companies reissued a buy rating and issued a $40.50 price target on shares of U.S. Silica Holdings in a research note on Friday. BidaskClub cut U.S. Silica Holdings from a hold rating to a sell rating in a research note on Friday, August 11th. Citigroup Inc. increased their price target on U.S. Silica Holdings from $39.00 to $41.00 and gave the company a buy rating in a research note on Friday. Zacks Investment Research raised U.S. Silica Holdings from a hold rating to a buy rating and set a $30.00 price target for the company in a research note on Thursday, July 27th. Finally, Cowen and Company decreased their price target on U.S. Silica Holdings from $60.00 to $40.00 and set an outperform rating for the company in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. U.S. Silica Holdings currently has a consensus rating of Buy and an average target price of $48.00.
U.S. Silica Holdings (SLCA) traded up $0.37 during trading on Monday, reaching $35.89. The company’s stock had a trading volume of 2,048,000 shares, compared to its average volume of 2,534,496. The company has a quick ratio of 3.26, a current ratio of 3.67 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2,750.00, a P/E ratio of 39.03 and a beta of 2.29. U.S. Silica Holdings has a 1 year low of $24.26 and a 1 year high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last posted its earnings results on Monday, November 6th. The mining company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm had revenue of $345.00 million during the quarter, compared to the consensus estimate of $328.91 million. U.S. Silica Holdings had a return on equity of 5.73% and a net margin of 6.24%. The business’s quarterly revenue was up 150.5% on a year-over-year basis. During the same period last year, the company earned ($0.13) earnings per share. equities research analysts forecast that U.S. Silica Holdings will post 1.52 EPS for the current year.
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U.S. Silica Holdings announced that its Board of Directors has approved a share buyback plan on Monday, November 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the mining company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.70%. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently 31.25%.
Hedge funds have recently bought and sold shares of the company. Winch Advisory Services LLC lifted its holdings in shares of U.S. Silica Holdings by 109.0% in the second quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after purchasing an additional 2,152 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of U.S. Silica Holdings by 69.0% in the second quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock valued at $150,000 after purchasing an additional 1,726 shares in the last quarter. First Heartland Consultants Inc. bought a new position in shares of U.S. Silica Holdings in the second quarter valued at approximately $213,000. Everence Capital Management Inc. lifted its holdings in shares of U.S. Silica Holdings by 20.5% in the second quarter. Everence Capital Management Inc. now owns 6,050 shares of the mining company’s stock valued at $215,000 after purchasing an additional 1,030 shares in the last quarter. Finally, QS Investors LLC lifted its holdings in shares of U.S. Silica Holdings by 0.3% in the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock valued at $217,000 after purchasing an additional 18 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.
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