ValuEngine cut shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) from a hold rating to a sell rating in a research report released on Thursday, June 22nd.
A number of other analysts have also recently weighed in on the stock. Jefferies Group LLC set a $72.00 target price on shares of U.S. Silica Holdings and gave the company a buy rating in a research note on Saturday, February 25th. Scotiabank set a $76.00 price objective on shares of U.S. Silica Holdings and gave the company a buy rating in a report on Saturday, April 1st. Barclays PLC set a $56.00 price objective on shares of U.S. Silica Holdings and gave the stock a buy rating in a research report on Saturday, March 25th. Royal Bank Of Canada reiterated a buy rating and issued a $60.00 price objective on shares of U.S. Silica Holdings in a research note on Friday, May 26th. Finally, Simmons lifted their price target on shares of U.S. Silica Holdings from $63.50 to $64.50 and gave the company an overweight rating in a report on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. U.S. Silica Holdings currently has a consensus rating of Buy and an average price target of $55.59.
Shares of U.S. Silica Holdings (SLCA) traded up 1.70% during trading on Thursday, reaching $32.33. The company’s stock had a trading volume of 169,176 shares. The company’s market capitalization is $2.62 billion. U.S. Silica Holdings has a 1-year low of $30.51 and a 1-year high of $61.49. The stock has a 50 day moving average of $36.62 and a 200-day moving average of $47.26.
U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings data on Monday, April 24th. The mining company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. U.S. Silica Holdings had a negative net margin of 4.07% and a negative return on equity of 1.94%. The business had revenue of $244.80 million during the quarter, compared to analyst estimates of $236.88 million. During the same quarter in the previous year, the business earned ($0.19) EPS. U.S. Silica Holdings’s quarterly revenue was up 99.8% compared to the same quarter last year. On average, analysts expect that U.S. Silica Holdings will post $1.68 earnings per share for the current year.
The business also recently announced a dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 15th were paid a dividend of $0.063 per share. The ex-dividend date of this dividend was Tuesday, June 13th. U.S. Silica Holdings’s payout ratio is -59.52%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in U.S. Silica Holdings during the fourth quarter valued at $26,283,000. Emerald Mutual Fund Advisers Trust increased its position in shares of U.S. Silica Holdings by 2,368.0% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 165,359 shares of the mining company’s stock valued at $7,936,000 after buying an additional 158,659 shares during the period. Macquarie Group Ltd. increased its position in shares of U.S. Silica Holdings by 147.5% in the fourth quarter. Macquarie Group Ltd. now owns 520,491 shares of the mining company’s stock valued at $29,501,000 after buying an additional 310,186 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new position in shares of U.S. Silica Holdings during the first quarter valued at approximately $1,200,000. Finally, Emerald Advisers Inc. PA increased its position in shares of U.S. Silica Holdings by 946.1% in the first quarter. Emerald Advisers Inc. PA now owns 265,393 shares of the mining company’s stock valued at $12,736,000 after buying an additional 240,023 shares during the period.
U.S. Silica Holdings 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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