U.S. Silica Holdings Sets New 1-Year High at $63.45 (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) shares reached a new 52-week high during trading on Wednesday , Stock Ratings Network reports. The stock traded as high as $63.45 and last traded at $63.34, with a volume of 749,988 shares. The stock had previously closed at $62.13.
SLCA has been the subject of a number of recent research reports. 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. U.S. Silica Holdings presently has an average rating of “Buy” and a consensus target price of $60.09.
The stock has a 50-day moving average of $58.42 and a 200-day moving average of $45.8. The company has a market cap of $3.410 billion and a price-to-earnings ratio of 39.30.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly earnings results 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. Analysts expect that U.S. Silica Holdings will post $2.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Monday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.79%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.