Piper Jaffray Companies reaffirmed their buy rating on shares of U.S. Silica (NYSE:SLCA) in a research report sent to investors on Tuesday, January 9th.
A number of other equities research analysts have also weighed in on SLCA. Zacks Investment Research raised 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 note on Tuesday, October 24th. B. Riley started coverage on shares of U.S. Silica in a research note on Wednesday, December 6th. They set a buy rating and a $40.00 target price on the stock. 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 note on Wednesday, November 8th. Wolfe Research lowered shares of U.S. Silica from a market perform rating to an underperform rating in a research note on Tuesday, November 14th. Finally, BidaskClub lowered shares of U.S. Silica from a buy rating to a hold rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $48.76.
U.S. Silica (SLCA) opened at $32.03 on Tuesday. U.S. Silica has a 52-week low of $24.26 and a 52-week high of $61.49. The company 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 current ratio of 3.67 and a quick ratio of 3.26.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings data on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $328.91 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The company’s revenue for the quarter was up 150.5% compared to the same quarter last year. analysts forecast that U.S. Silica will post 1.5 earnings per share for the current year.
U.S. Silica announced that its Board of Directors has approved a share buyback plan on Monday, November 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the mining company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were issued a dividend of $0.063 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.79%. U.S. Silica’s dividend payout ratio is currently 31.25%.
In other news, Director Charles W. Shaver purchased 3,300 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was 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 directly owns 29,829 shares in the company, valued at approximately $1,013,887.71. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bradford B. Casper sold 8,700 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $34.21, for a total transaction of $297,627.00. Following the completion of the transaction, the executive vice president now owns 18,593 shares of the company’s stock, valued at $636,066.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 7,900 shares of company stock valued at $256,063. 1.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC lifted its position in U.S. Silica by 0.3% during the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock valued at $217,000 after purchasing an additional 18 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in U.S. Silica by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 7,172 shares of the mining company’s stock valued at $255,000 after purchasing an additional 843 shares during the last quarter. Symphony Asset Management LLC lifted its position in U.S. Silica by 2.9% during the second quarter. Symphony Asset Management LLC now owns 30,405 shares of the mining company’s stock valued at $1,079,000 after purchasing an additional 863 shares during the last quarter. Profund Advisors LLC lifted its position in U.S. Silica by 5.0% during the second quarter. Profund Advisors LLC now owns 18,855 shares of the mining company’s stock valued at $669,000 after purchasing an additional 895 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in U.S. Silica by 5.9% during the second quarter. PNC Financial Services Group Inc. now owns 18,504 shares of the mining company’s stock valued at $657,000 after purchasing an additional 1,027 shares during the last quarter.
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About U.S. Silica
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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