U.S. Silica Holdings’ (SLCA) “Overweight” Rating Reiterated at KeyCorp
U.S. Silica Holdings, Inc. (NYSE:SLCA)‘s stock had its “overweight” rating reiterated by equities research analysts at KeyCorp in a research note issued on Wednesday. They presently have a $40.00 target price on the mining company’s stock. KeyCorp’s price target would indicate a potential upside of 28.37% from the company’s current price.
Several other brokerages also recently issued reports on SLCA. BidaskClub downgraded U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Citigroup Inc. reduced their price objective on U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, June 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price target (down from $65.00) on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. ValuEngine downgraded U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $45.00 price target on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. U.S. Silica Holdings currently has a consensus rating of “Buy” and a consensus price target of $49.92.
U.S. Silica Holdings (NYSE:SLCA) traded up 1.80% on Wednesday, hitting $31.72. 384,061 shares of the stock were exchanged. The company has a market cap of $2.58 billion, a PE ratio of 181.26 and a beta of 2.32. U.S. Silica Holdings has a 52 week low of $24.26 and a 52 week high of $61.49. The company’s 50-day moving average is $28.57 and its 200-day moving average is $34.96.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million during the quarter, compared to the consensus estimate of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business’s revenue for the quarter was up 148.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.17) EPS. On average, analysts predict that U.S. Silica Holdings will post $1.55 earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new stake in U.S. Silica Holdings in the 1st quarter valued at approximately $508,000. Vanguard Group Inc. grew its holdings in U.S. Silica Holdings by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 7,077,375 shares of the mining company’s stock valued at $339,643,000 after buying an additional 397,273 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in U.S. Silica Holdings by 467.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 89,781 shares of the mining company’s stock valued at $3,186,000 after buying an additional 73,959 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in U.S. Silica Holdings in the 2nd quarter valued at approximately $22,977,000. Finally, Victory Capital Management Inc. grew its holdings in U.S. Silica Holdings by 178.7% in the 2nd quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock valued at $34,101,000 after buying an additional 616,051 shares during the last quarter.
About U.S. Silica Holdings
U.S. Silica Holdings, Inc 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, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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