U.S. Silica Holdings Target of Unusually High Options Trading (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) was the recipient of unusually large options trading on Thursday. Stock investors bought 2,887 put options on the stock, ARN reports. This is an increase of approximately 247% compared to the typical volume of 833 put options.
In other U.S. Silica Holdings news, VP Bradford B. Casper unloaded 4,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $66.28, for a total value of $265,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $60.09.
U.S. Silica Holdings (NASDAQ:SLCA) traded up 4.00% on Thursday, hitting $70.72. The stock had a trading volume of 2,636,109 shares. U.S. Silica Holdings has a one year low of $22.88 and a one year high of $69.42. The stock’s 50-day moving average is $59.81 and its 200-day moving average is $47.29. The company has a market cap of $3.808 billion and a price-to-earnings ratio of 43.01.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly 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 $2.24 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 0.71%. 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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