Howard Weil Increases U.S. Silica Holdings Price Target to $70.00 (SLCA)
Analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings (NASDAQ:SLCA) from $60.00 to $70.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price objective points to a potential upside of 21.46% from the company’s current price.
U.S. Silica Holdings (NASDAQ:SLCA) opened at 57.63 on Thursday. U.S. Silica Holdings has a 52-week low of $21.65 and a 52-week high of $63.25. The stock’s 50-day moving average is $55.60 and its 200-day moving average is $42.82. The company has a market cap of $3.116 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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, analysts predict that U.S. Silica Holdings will post $2.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company reiterated an “outperform” rating on shares of U.S. Silica Holdings in a research note on Thursday. They now have a $67.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently 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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