U.S. Silica Holdings Given Average Recommendation of “Buy” by Brokerages (NASDAQ:SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) has been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the stock, AR Network reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $60.09.
Several analysts have recently commented on the stock. Analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings from $60.00 to $70.00 in a research note on Thursday, July 31st. They now have a “sector outperform” rating on the stock. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of U.S. Silica Holdings in a research note on Thursday, July 31st. They now have a $67.00 price target on the stock. Finally, 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.
In other U.S. Silica Holdings news, VP David D. Murry unloaded 2,000 shares of U.S. Silica Holdings stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $56.61, for a total value of $113,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
U.S. Silica Holdings (NASDAQ:SLCA) traded down 2.00% on Tuesday, hitting $59.32. The stock had a trading volume of 288,259 shares. U.S. Silica Holdings has a 52-week low of $21.72 and a 52-week high of $63.25. The stock has a 50-day moving average of $57.01 and a 200-day moving average of $44.44. The company has a market cap of $3.194 billion and a P/E ratio of 38.29.
U.S. Silica Holdings (NASDAQ:SLCA) last announced its earnings results on Tuesday, July 29th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. U.S. Silica Holdings’s revenue was up 58.5% compared to the same quarter last year. Analysts expect that U.S. Silica Holdings will post $2.21 EPS 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 0.83%. The ex-dividend date of this dividend is Thursday, September 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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