ValuEngine upgraded shares of U.S. Silica (NYSE:SLCA) from a sell rating to a hold rating in a research note published on Friday morning.
A number of other equities research analysts have also commented on the stock. Piper Jaffray Companies reissued a buy rating and set a $36.00 price objective on shares of U.S. Silica in a report on Thursday, October 19th. Jefferies Group set a $40.00 target price on shares of U.S. Silica and gave the company a buy rating in a research report on Monday, August 28th. BidaskClub upgraded shares of U.S. Silica from a sell rating to a hold rating in a research report on Saturday, September 2nd. Zacks Investment Research upgraded shares of U.S. Silica from a hold rating to a buy rating and set a $31.00 target price on the stock in a research report on Tuesday, October 24th. Finally, Credit Suisse Group cut their target price on shares of U.S. Silica from $43.00 to $40.00 and set an outperform rating on the stock in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $48.05.
Shares of U.S. Silica (NYSE:SLCA) traded up $0.19 during trading hours on Friday, reaching $34.11. 2,964,700 shares of the company’s stock were exchanged, compared to its average volume of 2,500,914. U.S. Silica has a 12-month low of $24.26 and a 12-month high of $61.49. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39. The company has a market cap of $2,755.26, a price-to-earnings ratio of 37.28 and a beta of 2.32.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Monday, November 6th. The mining company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. The firm had revenue of $345.00 million for the quarter, compared to analyst estimates of $328.91 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The company’s revenue was up 150.5% on a year-over-year basis. analysts expect that U.S. Silica will post 1.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a $0.063 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.74%. U.S. Silica’s dividend payout ratio is 31.25%.
U.S. Silica announced that its Board of Directors has authorized a share repurchase plan on Monday, November 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the mining company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Several large investors have recently made changes to their positions in the stock. Winch Advisory Services LLC increased its stake in U.S. Silica by 109.0% during the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock worth $146,000 after purchasing an additional 2,152 shares in the last quarter. Riverhead Capital Management LLC increased its stake in U.S. Silica by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after purchasing an additional 1,726 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new stake in U.S. Silica during the 3rd quarter worth approximately $201,000. Everence Capital Management Inc. increased its stake in U.S. Silica by 20.5% during the 2nd quarter. Everence Capital Management Inc. now owns 6,050 shares of the mining company’s stock worth $215,000 after purchasing an additional 1,030 shares in the last quarter. Finally, QS Investors LLC increased its stake in U.S. Silica by 0.3% during the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after purchasing an additional 18 shares in the last quarter.
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U.S. Silica 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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