U.S. Silica Holdings, Inc. (NYSE:SLCA)‘s stock had its “buy” rating reissued by Piper Jaffray Companies in a report issued on Friday. They currently have a $40.50 target price on the mining company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 14.02% from the company’s current price.
Several other analysts have also recently weighed in on the stock. Citigroup Inc. boosted their price objective on shares of U.S. Silica Holdings from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group reduced their price objective on shares of U.S. Silica Holdings from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their price objective on shares of U.S. Silica Holdings from $55.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday. BidaskClub raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.84.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at $35.52 on Friday. The firm has a market cap of $2,888.48, a price-to-earnings ratio of 39.08 and a beta of 2.29. U.S. Silica Holdings has a one year low of $24.26 and a one year high of $61.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.88 and a current ratio of 3.67.
U.S. Silica Holdings (NYSE:SLCA) last posted its earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $345.00 million for the quarter, compared to analysts’ expectations of $328.91 million. U.S. Silica Holdings had a net margin of 6.24% and a return on equity of 5.73%. The company’s revenue was up 150.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. sell-side analysts expect that U.S. Silica Holdings will post 1.52 EPS for the current year.
U.S. Silica Holdings announced that its board has authorized a share buyback program on Monday, November 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the mining company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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Several institutional investors and hedge funds have recently bought and sold shares of SLCA. Van Berkom & Associates Inc. raised its holdings in shares of U.S. Silica Holdings by 111.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock worth $63,069,000 after acquiring an additional 935,430 shares during the last quarter. State Street Corp increased its stake in U.S. Silica Holdings by 35.4% in the 2nd quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock valued at $94,554,000 after buying an additional 696,893 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in U.S. Silica Holdings in the 2nd quarter valued at about $22,977,000. SG Capital Management LLC purchased a new stake in U.S. Silica Holdings in the 3rd quarter valued at about $19,881,000. Finally, Victory Capital Management Inc. increased its stake in U.S. Silica Holdings by 178.7% in the 2nd quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock valued at $34,101,000 after buying an additional 616,051 shares during the last quarter.
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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