U.S. Silica Holdings Inc. (SLCA) Research Coverage Started at Johnson Rice
Analysts at Johnson Rice began coverage on shares of U.S. Silica Holdings Inc. (NYSE:SLCA) in a research report issued on Monday. The firm set an “accumulate” rating on the mining company’s stock.
SLCA has been the topic of a number of other research reports. Raymond James Financial Inc. raised their price objective on U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, September 23rd. Credit Suisse Group AG reaffirmed a “focus list” rating and issued a $49.00 target price (up from $42.00) on shares of U.S. Silica Holdings in a research note on Wednesday, September 7th. Citigroup Inc. raised their target price on U.S. Silica Holdings from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. RBC Capital Markets reaffirmed a “buy” rating and issued a $56.00 target price (up from $44.00) on shares of U.S. Silica Holdings in a research note on Friday, September 23rd. Finally, Royal Bank Of Canada raised their target price on U.S. Silica Holdings from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. U.S. Silica Holdings has an average rating of “Buy” and an average price target of $36.31.
U.S. Silica Holdings (NYSE:SLCA) traded up 2.46% on Monday, reaching $49.51. 1,152,170 shares of the company’s stock were exchanged. The firm’s market cap is $3.15 billion. U.S. Silica Holdings has a one year low of $13.54 and a one year high of $49.98. The firm has a 50 day moving average price of $42.81 and a 200 day moving average price of $33.27.
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U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.03. The company had revenue of $117 million for the quarter, compared to analyst estimates of $114.53 million. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. On average, equities analysts anticipate that U.S. Silica Holdings will post ($0.65) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, September 13th. U.S. Silica Holdings’s payout ratio is presently -39.06%.
In related news, COO Michael L. Winkler sold 64,123 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $42.00, for a total transaction of $2,693,166.00. Following the completion of the sale, the chief operating officer now owns 57,674 shares in the company, valued at $2,422,308. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bradford B. Casper sold 12,273 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $45.81, for a total value of $562,226.13. Following the sale, the executive vice president now owns 18,699 shares of the company’s stock, valued at approximately $856,601.19. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Texas Permanent School Fund boosted its stake in U.S. Silica Holdings by 12.4% in the first quarter. Texas Permanent School Fund now owns 49,686 shares of the mining company’s stock valued at $1,129,000 after buying an additional 5,499 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in U.S. Silica Holdings by 8.3% in the first quarter. TIAA CREF Investment Management LLC now owns 193,857 shares of the mining company’s stock valued at $4,404,000 after buying an additional 14,902 shares during the period. Teachers Advisors Inc. raised its position in U.S. Silica Holdings by 10.7% in the first quarter. Teachers Advisors Inc. now owns 94,910 shares of the mining company’s stock valued at $2,156,000 after buying an additional 9,149 shares during the period. Prudential Financial Inc. raised its position in U.S. Silica Holdings by 20.0% in the first quarter. Prudential Financial Inc. now owns 145,910 shares of the mining company’s stock valued at $3,315,000 after buying an additional 24,300 shares during the period. Finally, 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. Hedge funds and other institutional investors own 97.26% of the company’s stock.
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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