Wells Fargo & Co began coverage on shares of U.S. Silica (NYSE:SLCA) in a research report sent to investors on Saturday. The firm issued a buy rating and a $24.00 price target on the mining company’s stock.
Other equities research analysts have also issued reports about the company. Credit Suisse Group increased their price target on U.S. Silica from $36.00 to $38.00 and gave the company an outperform rating in a research report on Wednesday, August 1st. Barclays set a $40.00 price target on U.S. Silica and gave the company a buy rating in a research report on Wednesday, August 1st. Jefferies Financial Group set a $37.00 price target on U.S. Silica and gave the company a buy rating in a research report on Wednesday, August 1st. Zacks Investment Research lowered U.S. Silica from a hold rating to a strong sell rating in a research report on Monday, August 20th. Finally, Citigroup lowered their price target on U.S. Silica from $28.00 to $24.00 and set a neutral rating for the company in a research report on Friday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $35.58.
Shares of SLCA opened at $20.33 on Friday. U.S. Silica has a 12-month low of $19.02 and a 12-month high of $38.70. The company has a current ratio of 2.88, a quick ratio of 2.27 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.62 billion, a P/E ratio of 13.55 and a beta of 2.15.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). The company had revenue of $427.40 million during the quarter, compared to analysts’ expectations of $455.35 million. U.S. Silica had a net margin of 10.79% and a return on equity of 13.14%. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. sell-side analysts forecast that U.S. Silica will post 2.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, September 13th. U.S. Silica’s dividend payout ratio is presently 16.67%.
Institutional investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new stake in shares of U.S. Silica during the 1st quarter valued at $138,000. Cornerstone Wealth Management LLC purchased a new stake in shares of U.S. Silica during the 2nd quarter valued at $267,000. Cypress Capital Management LLC WY purchased a new stake in shares of U.S. Silica during the 2nd quarter valued at $183,000. Private Advisor Group LLC purchased a new stake in shares of U.S. Silica during the 2nd quarter valued at $200,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of U.S. Silica during the 1st quarter valued at $204,000. 99.21% of the stock is owned by hedge funds and other institutional investors.
About U.S. Silica
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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