Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) have been given an average rating of “Buy” by the twenty-four research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $52.01.
Several research analysts have issued reports on the stock. Jefferies Group LLC set a $65.00 price objective on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research downgraded shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Barclays PLC downgraded shares of U.S. Silica Holdings from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $56.00 to $45.00 in a research report on Friday, April 21st. Evercore ISI assumed coverage on shares of U.S. Silica Holdings in a research report on Thursday, May 25th. They set an “outperform” rating and a $48.00 price objective on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of U.S. Silica Holdings in a research report on Friday, May 26th.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in U.S. Silica Holdings by 3.0% in the second quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock worth $331,854,000 after buying an additional 274,356 shares during the last quarter. Vanguard Group Inc. increased its stake in U.S. Silica Holdings by 1.6% in the second quarter. Vanguard Group Inc. now owns 7,191,404 shares of the mining company’s stock worth $255,223,000 after buying an additional 114,029 shares during the last quarter. State Street Corp increased its stake in U.S. Silica Holdings by 6.9% in the first quarter. State Street Corp now owns 1,966,345 shares of the mining company’s stock valued at $94,369,000 after buying an additional 126,589 shares in the last quarter. Westpac Banking Corp increased its stake in U.S. Silica Holdings by 9.4% in the first quarter. Westpac Banking Corp now owns 1,908,200 shares of the mining company’s stock valued at $98,324,000 after buying an additional 164,739 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in U.S. Silica Holdings by 111.1% in the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock valued at $63,069,000 after buying an additional 935,430 shares in the last quarter.
Shares of U.S. Silica Holdings (NYSE SLCA) opened at 25.44 on Tuesday. The stock’s 50 day moving average is $30.78 and its 200-day moving average is $41.93. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 145.37 and a beta of 2.33. U.S. Silica Holdings has a one year low of $24.99 and a one year high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last posted its earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $316.43 million. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The company’s revenue was up 148.3% on a year-over-year basis. During the same period last year, the firm posted ($0.17) EPS. On average, equities research analysts predict that U.S. Silica Holdings will post $1.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.063 per share. The ex-dividend date is Thursday, September 14th. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.99%. U.S. Silica Holdings’s payout ratio is 192.31%.
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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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