Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) have been assigned an average rating of “Buy” from the twenty-three ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.97.
A number of analysts have recently issued reports on SLCA shares. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, July 27th. Jefferies Group LLC set a $40.00 target price on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Monday, August 28th. Credit Suisse Group set a $41.00 target price on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $43.00 target price (up previously from $35.00) on shares of U.S. Silica Holdings in a research report on Thursday, September 28th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Lincoln National Corp acquired a new stake in U.S. Silica Holdings during the 3rd quarter valued at approximately $412,000. State Board of Administration of Florida Retirement System lifted its stake in U.S. Silica Holdings by 12.1% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 41,621 shares of the mining company’s stock valued at $1,293,000 after acquiring an additional 4,500 shares during the period. Dupont Capital Management Corp acquired a new stake in U.S. Silica Holdings during the 3rd quarter valued at approximately $1,075,000. New York State Teachers Retirement System lifted its stake in U.S. Silica Holdings by 2.6% during the 3rd quarter. New York State Teachers Retirement System now owns 116,357 shares of the mining company’s stock valued at $3,615,000 after acquiring an additional 3,000 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in U.S. Silica Holdings during the 3rd quarter valued at approximately $16,279,000.
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U.S. Silica Holdings (NYSE:SLCA) last announced 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. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The business had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $316.43 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The firm’s revenue was up 148.3% on a year-over-year basis.
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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