U.S. Silica Holdings VP Unloads $179,662 in Stock (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) VP Bradford B. Casper sold 2,870 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $62.60, for a total transaction of $179,662.00. Following the completion of the transaction, the vice president now directly owns 6,000 shares in the company, valued at approximately $375,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on SLCA. 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. U.S. Silica Holdings presently has a consensus rating of “Buy” and an average target price of $60.09.
U.S. Silica Holdings (NASDAQ:SLCA) traded down 1.30% during mid-day trading on Thursday, hitting $62.50. 518,579 shares of the company’s stock traded hands. U.S. Silica Holdings has a one year low of $22.00 and a one year high of $63.45. The stock’s 50-day moving average is $58.42 and its 200-day moving average is $45.8. The company has a market cap of $3.365 billion and a P/E ratio of 40.05.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly earnings results 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. On average, analysts predict that U.S. Silica Holdings will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors 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 0.79%. 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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