U.S. Silica Holdings Stock Rating Upgraded by Jefferies Group (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) was upgraded by equities research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $54.00 target price on the stock, up from their previous target price of $33.00. Jefferies Group’s target price would indicate a potential upside of 18.08% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of U.S. Silica Holdings from $43.00 to $51.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of U.S. Silica Holdings in a research note on Tuesday, April 15th. They now have a $50.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.37.
U.S. Silica Holdings (NASDAQ:SLCA) traded up 1.24% during mid-day trading on Thursday, hitting $45.73. 3,549,019 shares of the company’s stock traded hands. U.S. Silica Holdings has a 1-year low of $19.26 and a 1-year high of $47.70. The stock’s 50-day moving average is $39.09 and its 200-day moving average is $34.10. The company has a market cap of $2.449 billion and a price-to-earnings ratio of 32.04.
U.S. Silica Holdings (NASDAQ:SLCA) last announced its earnings results on Tuesday, April 29th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $180.10 million for the quarter, compared to the consensus estimate of $157.81 million. During the same quarter last year, the company posted $0.35 earnings per share. U.S. Silica Holdings’s revenue was up 47.3% compared to the same quarter last year. On average, analysts predict that U.S. Silica Holdings will post $1.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, June 11th.
US Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products.
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