U.S. Silica Holdings, Inc. (SLCA) Reaches New 12-Month Low at $24.98
Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) reached a new 52-week low during trading on Monday . The stock traded as low as $24.98 and last traded at $24.95, with a volume of 1,153,483 shares changing hands. The stock had previously closed at $25.44.
Several analysts recently commented on the stock. Evercore ISI assumed coverage on shares of U.S. Silica Holdings in a research report on Thursday, May 25th. They issued an “outperform” rating and a $48.00 price target for the company. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, April 29th. BidaskClub upgraded shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $65.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada set a $60.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Saturday, July 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.01.
The stock’s 50-day moving average price is $30.78 and its 200 day moving average price is $41.93. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 142.51 and a beta of 2.33.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm’s quarterly revenue was up 148.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.17) EPS. Analysts forecast that U.S. Silica Holdings, Inc. will post $1.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be paid a $0.063 dividend. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.99%. U.S. Silica Holdings’s payout ratio is presently 192.31%.
Large investors have recently made changes to their positions in the stock. Howard Hughes Medical Institute purchased a new stake in shares of U.S. Silica Holdings during the first quarter valued at approximately $106,000. Tyers Asset Management LLC boosted its stake in shares of U.S. Silica Holdings by 11.0% in the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after buying an additional 224 shares during the last quarter. Welch Group LLC purchased a new stake in shares of U.S. Silica Holdings during the first quarter valued at approximately $113,000. Winch Advisory Services LLC boosted its stake 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 buying an additional 2,152 shares during the last quarter. Finally, Elkfork Partners LLC boosted its stake in shares of U.S. Silica Holdings by 11.0% in the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after buying an additional 308 shares during the last quarter.
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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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