U.S. Silica Holdings Inc (NYSE:SLCA) has earned an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $19.81.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Citigroup cut shares of U.S. Silica from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $8.00 in a research report on Tuesday. Morgan Stanley raised their price objective on U.S. Silica from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, July 12th. Finally, R. F. Lafferty downgraded U.S. Silica from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $8.00 in a research report on Tuesday.
U.S. Silica stock traded up $0.22 during midday trading on Friday, reaching $10.73. The stock had a trading volume of 115,328 shares, compared to its average volume of 1,813,070. The stock has a market capitalization of $738.74 million, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 286.86 and a beta of 2.58. The firm’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $13.26. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.34 and a current ratio of 1.79. U.S. Silica has a 1-year low of $8.72 and a 1-year high of $21.44.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.19. U.S. Silica had a negative net margin of 16.92% and a positive return on equity of 6.49%. The company had revenue of $394.85 million during the quarter, compared to analysts’ expectations of $396.72 million. During the same period last year, the business earned $0.64 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a dividend of $0.063 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.25 annualized dividend and a dividend yield of 2.35%. U.S. Silica’s dividend payout ratio is currently 15.82%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van Berkom & Associates Inc. raised its position in shares of U.S. Silica by 21.5% during the second quarter. Van Berkom & Associates Inc. now owns 4,489,754 shares of the mining company’s stock worth $57,424,000 after purchasing an additional 795,280 shares during the period. Royal Bank of Canada grew its position in U.S. Silica by 7.0% in the 2nd quarter. Royal Bank of Canada now owns 69,707 shares of the mining company’s stock valued at $891,000 after purchasing an additional 4,538 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in U.S. Silica by 81.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock valued at $41,000 after purchasing an additional 1,450 shares in the last quarter. Eaton Vance Management bought a new stake in U.S. Silica during the 2nd quarter valued at $4,563,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of U.S. Silica by 11.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 46,513 shares of the mining company’s stock valued at $595,000 after buying an additional 4,895 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.
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, 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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