U.S. Silica Holdings Inc. (SLCA) Receives New Coverage from Analysts at Johnson Rice
Research analysts at Johnson Rice began coverage on shares of U.S. Silica Holdings Inc. (NYSE:SLCA) in a report released on Monday. The firm set an “accumulate” rating on the mining company’s stock.
Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. RBC Capital Markets reaffirmed a “buy” rating and set a $56.00 price target (up from $44.00) on shares of U.S. Silica Holdings in a research report on Friday, September 23rd. Raymond James Financial Inc. lifted their price target on shares of U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. Credit Suisse Group AG reaffirmed a “focus list” rating and set a $49.00 price target (up from $42.00) on shares of U.S. Silica Holdings in a research report on Wednesday, September 7th. Finally, Zacks Investment Research raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, August 20th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.31.
U.S. Silica Holdings (NYSE:SLCA) traded up 2.50% on Monday, hitting $49.53. 922,142 shares of the company were exchanged. The firm has a 50 day moving average of $42.81 and a 200-day moving average of $33.27. The stock’s market cap is $3.15 billion. U.S. Silica Holdings has a 52-week low of $13.54 and a 52-week high of $49.98.
U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.03. U.S. Silica Holdings had a negative net margin of 6.70% and a negative return on equity of 7.76%. The firm earned $117 million during the quarter, compared to the consensus estimate of $114.53 million. During the same period in the previous year, the firm earned $0.08 earnings per share. U.S. Silica Holdings’s revenue was down 20.7% compared to the same quarter last year. On average, equities analysts expect 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 of this dividend was Tuesday, September 13th. This represents a $0.25 annualized dividend and a yield of 0.52%. U.S. Silica Holdings’s payout ratio is -39.06%.
In other news, COO Michael L. Winkler sold 64,123 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $42.00, for a total transaction of $2,693,166.00. Following the completion of the transaction, the chief operating officer now owns 57,674 shares in the company, valued at $2,422,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradford B. Casper sold 12,273 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $45.81, for a total transaction of $562,226.13. Following the transaction, 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. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its position in 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 valued at $103,000 after buying an additional 1,270 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in U.S. Silica Holdings during the second quarter valued at approximately $153,000. 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 in the last quarter. 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 in the last quarter. Finally, SevenBridge Financial Group LLC purchased a new position in U.S. Silica Holdings during the second quarter valued at approximately $195,000. Institutional investors and hedge funds own 97.26% of the company’s stock.
About U.S. Silica Holdings
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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