U.S. Silica Holdings Inc. (SLCA) Price Target Increased to $57.00 by Analysts at Citigroup Inc.
U.S. Silica Holdings Inc. (NYSE:SLCA) had its price target upped by Citigroup Inc. from $48.00 to $57.00 in a report published on Tuesday. The firm currently has a buy rating on the mining company’s stock.
SLCA has been the topic of several other research reports. Zacks Investment Research lowered shares of U.S. Silica Holdings from a strong-buy rating to a hold rating in a report on Tuesday. Cowen and Company upped their price objective on shares of U.S. Silica Holdings from $42.00 to $52.00 and gave the company an outperform rating in a report on Tuesday. Johnson Rice assumed coverage on shares of U.S. Silica Holdings in a report on Monday. They set an accumulate rating on the stock. Royal Bank Of Canada upped their price objective on shares of U.S. Silica Holdings from $44.00 to $56.00 and gave the company an outperform rating in a report on Friday, September 23rd. Finally, Raymond James Financial Inc. upped their price objective on shares of U.S. Silica Holdings from $44.00 to $56.00 and gave the company an outperform rating in a report on Friday, September 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. U.S. Silica Holdings presently has an average rating of Buy and an average price target of $37.17.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 48.95 on Tuesday. The company’s market cap is $3.11 billion. The stock’s 50 day moving average price is $43.24 and its 200 day moving average price is $33.75. U.S. Silica Holdings has a 1-year low of $13.54 and a 1-year high of $49.98.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, August 2nd. The mining company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.03. The business had revenue of $117 million for the quarter, compared to analysts’ expectations of $114.53 million. U.S. Silica Holdings had a negative net margin of 6.70% and a negative return on equity of 7.76%. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Equities research analysts forecast that U.S. Silica Holdings will post ($0.65) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Thursday, September 15th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, September 13th. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently -39.06%.
In related news, COO Michael L. Winkler sold 64,123 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $42.00, for a total value of $2,693,166.00. Following the completion of the transaction, the chief operating officer now directly owns 57,674 shares of the company’s stock, valued at approximately $2,422,308. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Don D. Weinheimer sold 30,000 shares of the firm’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 $1,260,000.00. Following the completion of the transaction, the senior vice president now directly owns 38,130 shares of the company’s stock, valued at $1,601,460. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLCA. Mason Street Advisors LLC acquired a new position in U.S. Silica Holdings during the second quarter valued at approximately $428,000. Schwab Charles Investment Management Inc. boosted its stake in U.S. Silica Holdings by 17.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 270,502 shares of the mining company’s stock valued at $9,325,000 after buying an additional 41,161 shares in the last quarter. Stifel Financial Corp boosted its stake in U.S. Silica Holdings by 5.3% in the second quarter. Stifel Financial Corp now owns 33,328 shares of the mining company’s stock valued at $1,150,000 after buying an additional 1,674 shares in the last quarter. Pine River Capital Management L.P. purchased a new stake in U.S. Silica Holdings during the second quarter valued at about $1,379,000. Finally, Amalgamated Bank purchased a new stake in U.S. Silica Holdings during the second quarter valued at about $286,000. 97.26% of the stock is owned by institutional investors.
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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