U.S. Silica Holdings Inc. (SLCA) Receives New Coverage from Analysts at Johnson Rice
Stock analysts at Johnson Rice initiated coverage on shares of U.S. Silica Holdings Inc. (NYSE:SLCA) in a research note issued on Monday. The firm set an “accumulate” rating on the mining company’s stock.
A number of other analysts have also weighed in on SLCA. Vetr lowered U.S. Silica Holdings from a “strong-buy” rating to a “buy” rating and set a $40.31 target price for the company. in a research note on Wednesday, August 3rd. Royal Bank Of Canada lifted their price objective on U.S. Silica Holdings from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 19th. Jefferies Group lifted their price objective on U.S. Silica Holdings from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Howard Weil lifted their price objective on U.S. Silica Holdings from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 4th. Finally, RBC Capital Markets reiterated a “buy” rating and issued a $56.00 price objective (up from $44.00) on shares of U.S. Silica Holdings in a research report on Friday, September 23rd. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.31.
Shares of U.S. Silica Holdings (NYSE:SLCA) traded up 2.50% during trading on Monday, hitting $49.53. The stock had a trading volume of 922,142 shares. U.S. Silica Holdings has a 1-year low of $13.54 and a 1-year high of $49.98. The company’s market capitalization is $3.15 billion. The firm has a 50 day moving average of $42.81 and a 200 day moving average of $33.27.
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U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.03. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. The company earned $117 million during the quarter, compared to analyst estimates of $114.53 million. During the same period last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. Analysts expect that U.S. Silica Holdings will post ($0.65) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Thursday, September 15th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, September 13th. U.S. Silica Holdings’s dividend payout ratio is presently -39.06%.
In related news, COO Michael L. Winkler sold 64,123 shares of U.S. Silica Holdings stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $42.00, for a total value of $2,693,166.00. Following the sale, the chief operating officer now owns 57,674 shares of the company’s stock, valued at approximately $2,422,308. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradford B. Casper sold 12,273 shares of U.S. Silica Holdings stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $45.81, for a total value of $562,226.13. Following the completion of the sale, the executive vice president now directly owns 18,699 shares in the company, valued at approximately $856,601.19. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in SLCA. MCF Advisors LLC raised its stake in shares of U.S. Silica Holdings by 73.5% in the second quarter. MCF Advisors LLC now owns 2,997 shares of the mining company’s stock worth $103,000 after buying an additional 1,270 shares in the last quarter. BlackRock Inc. raised its position in U.S. Silica Holdings by 171.3% in the first quarter. BlackRock Inc. now owns 4,710 shares of the mining company’s stock valued at $108,000 after buying an additional 2,974 shares during the period. Panagora Asset Management Inc. bought a new position in U.S. Silica Holdings during the second quarter valued at $153,000. Strs Ohio raised its position in U.S. Silica Holdings by 2,600.0% in the second quarter. Strs Ohio now owns 5,400 shares of the mining company’s stock valued at $186,000 after buying an additional 5,200 shares during the period. Finally, SevenBridge Financial Group LLC bought a new position in U.S. Silica Holdings during the second quarter valued at $195,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.
U.S. Silica Holdings Company Profile
U.S. Silica Holdings, Inc (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.
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