U.S. Silica Holdings Inc (NYSE:SLCA) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.89.
SLCA has been the topic of several analyst reports. Johnson Rice lowered shares of U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 target price on the stock. in a report on Monday, August 20th. Stifel Nicolaus initiated coverage on shares of U.S. Silica in a report on Monday, September 10th. They issued a “buy” rating and a $26.00 target price on the stock. B. Riley cut their target price on shares of U.S. Silica from $36.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, September 6th. Credit Suisse Group set a $29.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a report on Tuesday, August 28th. Finally, R. F. Lafferty cut their target price on shares of U.S. Silica from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, August 27th.
Shares of NYSE SLCA opened at $13.68 on Friday. U.S. Silica has a fifty-two week low of $12.89 and a fifty-two week high of $38.70. The company has a market capitalization of $1.07 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, October 23rd. The mining company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.15). The business had revenue of $423.17 million during the quarter, compared to analyst estimates of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Research analysts predict that U.S. Silica will post 1.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 13th. U.S. Silica’s dividend payout ratio is 16.67%.
In related news, EVP Bradford B. Casper acquired 1,500 shares of the stock in a transaction dated Friday, September 28th. The stock was bought at an average price of $18.96 per share, with a total value of $28,440.00. Following the completion of the transaction, the executive vice president now directly owns 18,552 shares of the company’s stock, valued at $351,745.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bryan Adair Shinn bought 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average cost of $18.45 per share, with a total value of $40,590.00. Following the transaction, the chief executive officer now owns 126,243 shares of the company’s stock, valued at approximately $2,329,183.35. The disclosure for this purchase can be found here. Insiders have bought 11,614 shares of company stock valued at $206,525 in the last three months. 1.40% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in SLCA. LSV Asset Management grew its position in U.S. Silica by 4,355.2% in the second quarter. LSV Asset Management now owns 3,965,084 shares of the mining company’s stock valued at $101,863,000 after purchasing an additional 3,876,084 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in U.S. Silica in the third quarter valued at $31,741,000. Senvest Management LLC grew its position in U.S. Silica by 86.5% in the third quarter. Senvest Management LLC now owns 3,317,188 shares of the mining company’s stock valued at $62,463,000 after purchasing an additional 1,538,131 shares in the last quarter. Glenmede Trust Co. NA grew its position in U.S. Silica by 423.0% in the second quarter. Glenmede Trust Co. NA now owns 1,271,066 shares of the mining company’s stock valued at $32,653,000 after purchasing an additional 1,028,013 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its position in U.S. Silica by 153.3% in the third quarter. BlueMountain Capital Management LLC now owns 1,593,403 shares of the mining company’s stock valued at $30,004,000 after purchasing an additional 964,289 shares in the last quarter.
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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