News headlines about U.S. Silica (NYSE:SLCA) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. U.S. Silica earned a news impact score of 0.07 on Accern’s scale. Accern also gave media headlines about the mining company an impact score of 44.7661463708261 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have recently issued reports on SLCA. B. Riley assumed coverage on shares of U.S. Silica in a research note on Wednesday, December 6th. They issued a “buy” rating and a $40.00 price objective for the company. Jefferies Group set a $43.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research report on Monday, November 13th. Piper Jaffray Companies reiterated a “buy” rating and set a $40.50 price objective on shares of U.S. Silica in a research report on Friday, November 10th. Seaport Global Securities assumed coverage on shares of U.S. Silica in a report on Friday, December 8th. They issued a “buy” rating and a $59.00 target price for the company. Finally, Wolfe Research lowered shares of U.S. Silica from a “market perform” rating to an “underperform” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.76.
Shares of U.S. Silica (NYSE:SLCA) traded down $1.67 during midday trading on Friday, reaching $32.03. 2,100,002 shares of the company traded hands, compared to its average volume of 1,910,000. The stock has a market cap of $2,600.00, a price-to-earnings ratio of 40.04 and a beta of 2.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.26 and a current ratio of 3.67. U.S. Silica has a 12 month low of $24.26 and a 12 month high of $61.49.
U.S. Silica (NYSE:SLCA) last released its earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The business had revenue of $345.00 million during the quarter, compared to analyst estimates of $328.91 million. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. The company’s revenue for the quarter was up 150.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. research analysts predict that U.S. Silica will post 1.5 EPS for the current fiscal year.
U.S. Silica declared that its board has approved a share buyback plan on Monday, November 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the mining company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were given a $0.063 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.79%. U.S. Silica’s payout ratio is currently 31.25%.
In other U.S. Silica news, Director Charles W. Shaver bought 3,300 shares of the stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average cost of $33.99 per share, for a total transaction of $112,167.00. Following the completion of the transaction, the director now owns 29,829 shares in the company, valued at approximately $1,013,887.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradford B. Casper sold 8,700 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.21, for a total value of $297,627.00. Following the sale, the executive vice president now directly owns 18,593 shares of the company’s stock, valued at $636,066.53. The disclosure for this sale can be found here. Insiders acquired 7,900 shares of company stock worth $256,063 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
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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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