U.S. Silica Holdings Inc (NYSE:SLCA) has received an average recommendation of “Buy” from the twenty brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $57.24.
A number of equities research analysts have recently weighed in on the company. Barclays PLC downgraded U.S. Silica Holdings from an “overweight” rating to an “equal weight” rating and set a $45.00 target price for the company. in a research report on Friday. Simmons boosted their target price on U.S. Silica Holdings from $63.50 to $64.50 and gave the stock an “overweight” rating in a research report on Tuesday, April 11th. Jefferies Group LLC restated a “buy” rating and set a $70.00 target price on shares of U.S. Silica Holdings in a research report on Tuesday, April 11th. Scotiabank set a $76.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Saturday, April 1st. Finally, Zacks Investment Research upgraded U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, March 22nd.
In other news, SVP David D. Murry sold 610 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $48.05, for a total transaction of $29,310.50. Following the completion of the transaction, the senior vice president now directly owns 8,487 shares of the company’s stock, valued at $407,800.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David D. Murry sold 5,971 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $60.00, for a total value of $358,260.00. Following the transaction, the senior vice president now directly owns 14,458 shares of the company’s stock, valued at $867,480. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SLCA. Bessemer Group Inc. purchased a new position in U.S. Silica Holdings during the fourth quarter valued at $113,000. Tyers Asset Management LLC purchased a new position in U.S. Silica Holdings during the fourth quarter valued at $115,000. Bank of Montreal Can boosted its position in U.S. Silica Holdings by 23.6% in the third quarter. Bank of Montreal Can now owns 3,305 shares of the mining company’s stock valued at $154,000 after buying an additional 631 shares in the last quarter. Elkfork Partners LLC purchased a new position in U.S. Silica Holdings during the fourth quarter valued at $158,000. Finally, Creative Planning boosted its position in U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares in the last quarter. 83.50% of the stock is owned by institutional investors.
U.S. Silica Holdings (NYSE:SLCA) traded down 5.90% during mid-day trading on Monday, reaching $40.51. 5,743,276 shares of the company’s stock were exchanged. The company’s market capitalization is $3.28 billion. The company’s 50 day moving average price is $47.19 and its 200-day moving average price is $51.01. U.S. Silica Holdings has a 52 week low of $22.38 and a 52 week high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings data on Wednesday, February 22nd. The mining company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm earned $182.40 million during the quarter, compared to the consensus estimate of $176.42 million. U.S. Silica Holdings had a negative return on equity of 7.51% and a negative net margin of 9.61%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) EPS. On average, equities research analysts expect that U.S. Silica Holdings will post $1.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.25 dividend on an annualized basis and a yield of 0.62%. U.S. Silica Holdings’s payout ratio is -29.41%.
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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