Cowen and Company Reiterates “Outperform” Rating for U.S. Silica Holdings (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen and Company in a research report issued to clients and investors on Thursday. They currently have a $67.00 price target on the stock. Cowen and Company’s target price indicates a potential upside of 16.26% from the stock’s previous close.
U.S. Silica Holdings (NASDAQ:SLCA) opened at 57.18 on Thursday. U.S. Silica Holdings has a one year low of $21.65 and a one year high of $63.25. The stock has a 50-day moving average of $55.60 and a 200-day moving average of $42.82. The company has a market cap of $3.091 billion and a price-to-earnings ratio of 36.45.
U.S. Silica Holdings (NASDAQ:SLCA) last released its earnings data on Tuesday, July 29th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $189.72 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 58.5% on a year-over-year basis. Analysts expect that U.S. Silica Holdings will post $2.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Monday, September 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, September 11th.
SLCA has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of U.S. Silica Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $62.70 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of U.S. Silica Holdings from $54.00 to $69.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of U.S. Silica Holdings from $61.00 to $64.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. U.S. Silica Holdings presently has an average rating of “Buy” and a consensus price target of $60.09.
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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