U.S. Silica Holdings Inc. (SLCA) Upgraded at Vetr Inc.
U.S. Silica Holdings Inc. (NYSE:SLCA) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $40.31 price target on the mining company’s stock. Vetr‘s price objective would indicate a potential downside of 15.37% from the stock’s current price.
SLCA has been the subject of several other reports. Piper Jaffray Cos. upgraded U.S. Silica Holdings from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $25.00 in a report on Thursday, March 31st. Royal Bank Of Canada increased their target price on U.S. Silica Holdings from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, July 19th. Cowen and Company restated an “outperform” rating and set a $29.00 target price (up from $22.00) on shares of U.S. Silica Holdings in a report on Thursday, April 28th. Ladenburg Thalmann increased their target price on U.S. Silica Holdings from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, April 28th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $40.00 target price (up from $32.00) on shares of U.S. Silica Holdings in a report on Wednesday, July 20th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.99.
Shares of U.S. Silica Holdings (NYSE:SLCA) traded down 2.16% during midday trading on Monday, reaching $47.63. The company’s stock had a trading volume of 1,806,393 shares. U.S. Silica Holdings has a 52-week low of $13.54 and a 52-week high of $49.98. The stock’s market cap is $3.03 billion. The stock has a 50-day moving average price of $43.97 and a 200-day moving average price of $34.15.
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U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.03. The company earned $117 million during the quarter, compared to analysts’ expectations 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%. U.S. Silica Holdings’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. Equities research analysts anticipate that U.S. Silica Holdings will post ($0.65) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.25 annualized dividend and a yield of 0.52%. U.S. Silica Holdings’s dividend payout ratio is -39.06%.
In other news, COO Michael L. Winkler sold 64,123 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 57,674 shares in the company, valued at approximately $2,422,308. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Don D. Weinheimer sold 30,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the completion of the transaction, the senior vice president now owns 38,130 shares in the company, valued at $1,601,460. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in U.S. Silica Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 5,288,558 shares of the mining company’s stock worth $182,297,000 after buying an additional 180,070 shares during the period. BlackRock Fund Advisors boosted its position in shares of U.S. Silica Holdings by 4.1% in the second quarter. BlackRock Fund Advisors now owns 4,288,195 shares of the mining company’s stock worth $147,814,000 after buying an additional 166,925 shares in the last quarter. Capital World Investors bought a new position in shares of U.S. Silica Holdings during the fourth quarter worth approximately $38,958,000. State Street Corp boosted its position in shares of U.S. Silica Holdings by 18.3% in the first quarter. State Street Corp now owns 1,585,269 shares of the mining company’s stock worth $36,017,000 after buying an additional 245,209 shares in the last quarter. Finally, Arosa Capital Management LP boosted its position in shares of U.S. Silica Holdings by 66.4% in the fourth quarter. Arosa Capital Management LP now owns 1,559,712 shares of the mining company’s stock worth $29,213,000 after buying an additional 622,605 shares in the last quarter. 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.
To view Vetr’s full report, visit Vetr’s official website.
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