U.S. Silica Holdings, Inc. (SLCA) PT Lowered to $47.00 at Royal Bank Of Canada
U.S. Silica Holdings, Inc. (NYSE:SLCA) had its price target reduced by Royal Bank Of Canada from $55.00 to $47.00 in a report issued on Wednesday. They currently have an outperform rating on the mining company’s stock.
Several other analysts have also recently commented on SLCA. Zacks Investment Research cut U.S. Silica Holdings from a hold rating to a sell rating in a report on Monday, July 17th. BidaskClub raised U.S. Silica Holdings from a sell rating to a hold rating in a research note on Wednesday, July 19th. Credit Suisse Group reaffirmed an outperform rating and issued a $42.00 price objective (down from $65.00) on shares of U.S. Silica Holdings in a research note on Thursday, July 20th. Cowen and Company reduced their price objective on U.S. Silica Holdings from $60.00 to $40.00 and set an outperform rating on the stock in a research note on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed an equal weight rating and issued a $45.00 price objective on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $47.84.
U.S. Silica Holdings (NYSE SLCA) traded down $0.04 on Wednesday, reaching $35.52. The company’s stock had a trading volume of 2,303,870 shares, compared to its average volume of 2,116,830. The company has a quick ratio of 4.88, a current ratio of 3.67 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2,888.48, a PE ratio of 39.08 and a beta of 2.29. U.S. Silica Holdings has a 52 week low of $24.26 and a 52 week high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly 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 company had revenue of $345.00 million during the quarter, compared to analysts’ expectations of $328.91 million. U.S. Silica Holdings had a return on equity of 5.73% and a net margin of 6.24%. The firm’s revenue was up 150.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.13) EPS. equities research analysts predict that U.S. Silica Holdings will post 1.52 EPS for the current year.
U.S. Silica Holdings declared that its Board of Directors has initiated a share buyback plan on Monday, November 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the mining company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, December 14th. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently 31.25%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Capital Management LLC acquired a new position in shares of U.S. Silica Holdings in the 3rd quarter valued at approximately $19,881,000. Van Berkom & Associates Inc. raised its position in shares of U.S. Silica Holdings by 4.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,850,760 shares of the mining company’s stock valued at $57,503,000 after purchasing an additional 73,679 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of U.S. Silica Holdings by 145.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 581,648 shares of the mining company’s stock valued at $17,805,000 after purchasing an additional 344,558 shares in the last quarter. Legal & General Group Plc raised its position in shares of U.S. Silica Holdings by 14.1% in the 3rd quarter. Legal & General Group Plc now owns 163,008 shares of the mining company’s stock valued at $5,062,000 after purchasing an additional 20,170 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of U.S. Silica Holdings by 2.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 109,559 shares of the mining company’s stock valued at $3,353,000 after purchasing an additional 2,245 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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