U.S. Silica Holdings (SLCA) Getting Somewhat Positive News Coverage, Study Finds
News coverage about U.S. Silica Holdings (NYSE:SLCA) has been trending somewhat positive on Thursday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. U.S. Silica Holdings earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the mining company an impact score of 45.9878823424205 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- U.S. Silica Holdings, Inc. (SLCA) Receives New Coverage from Analysts at KeyCorp (americanbankingnews.com)
- Himax Technologies, Inc. (HIMX) Stocks with Considerable Review- US Silica Holdings, Inc. (SLCA) – Investing News Update (investingbizz.com)
- U.S. Silica to Build Second Frac Sand Plant in Permian Basin (zacks.com)
- U.S. Silica Holdings, Inc. (SLCA) Given “Buy” Rating at SunTrust Banks, Inc. (americanbankingnews.com)
Several brokerages have recently weighed in on SLCA. Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 target price on shares of U.S. Silica Holdings in a research note on Thursday, July 6th. Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Saturday, July 1st. Janney Montgomery Scott began coverage on U.S. Silica Holdings in a research note on Thursday, June 15th. They set a “buy” rating and a $51.00 target price for the company. Scotiabank set a $63.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, Citigroup Inc. reduced their target price 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. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the stock. U.S. Silica Holdings has a consensus rating of “Buy” and an average price target of $49.92.
Shares of U.S. Silica Holdings (SLCA) opened at 31.16 on Thursday. The firm has a 50-day moving average price of $28.57 and a 200 day moving average price of $34.96. U.S. Silica Holdings has a one year low of $24.26 and a one year high of $61.49. The stock has a market capitalization of $2.53 billion, a PE ratio of 178.06 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 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 in the previous year, the firm posted ($0.17) earnings per share. The business’s revenue for the quarter was up 148.3% compared to the same quarter last year. On average, equities analysts expect that U.S. Silica Holdings will post $1.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 14th. U.S. Silica Holdings’s payout ratio is 192.31%.
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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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