U.S. Silica Holdings Hits New 1-Year High at $73.36 (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) shares hit a new 52-week high during trading on Tuesday , American Banking and Market News reports. The stock traded as high as $73.36 and last traded at $71.03, with a volume of 1,926,937 shares traded. The stock had previously closed at $71.81.
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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $60.09.
The stock has a 50-day moving average of $60.68 and a 200-day moving average of $47.78. The company has a market cap of $3.851 billion and a P/E ratio of 45.42.
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 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 $2.24 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 0.70%. The ex-dividend date is Thursday, September 11th.
In other U.S. Silica Holdings news, VP Bradford B. Casper unloaded 2,000 shares of U.S. Silica Holdings stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $70.23, for a total value of $140,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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