U.S. Silica Holdings Inc. (NYSE:SLCA) had its target price raised by Cowen and Company from $42.00 to $52.00 in a report published on Tuesday morning. Cowen and Company currently has an outperform rating on the mining company’s stock.

Several other research analysts also recently commented on the stock. Jefferies Group reaffirmed a buy rating and issued a $41.00 price target on shares of U.S. Silica Holdings in a research note on Tuesday, July 19th. DA Davidson downgraded shares of U.S. Silica Holdings from a buy rating to a neutral rating and set a $36.00 price target on the stock. in a research note on Monday, June 13th. They noted that the move was a valuation call. Johnson Rice initiated coverage on shares of U.S. Silica Holdings in a report on Monday. They set an accumulate rating on the stock. Citigroup Inc. increased their target price on shares of U.S. Silica Holdings from $45.00 to $48.00 and gave the stock a buy rating in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded shares of U.S. Silica Holdings from a hold rating to a buy rating and set a $47.00 target price on the stock in a report on Saturday, August 20th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. U.S. Silica Holdings has a consensus rating of Buy and a consensus price target of $37.17.

Analyst Recommendations for U.S. Silica Holdings (NYSE:SLCA)

U.S. Silica Holdings (NYSE:SLCA) opened at 48.95 on Tuesday. 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 of $43.24 and a 200 day moving average of $33.75. The company’s market capitalization is $3.11 billion.

U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Tuesday, August 2nd. The mining company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.03. The company had revenue of $117 million for the quarter, compared to the consensus estimate 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 firm’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. On average, equities analysts forecast that U.S. Silica Holdings will post ($0.65) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis 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 is presently -39.06%.

In other news, EVP Bradford B. Casper sold 12,273 shares of U.S. Silica Holdings stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $45.81, for a total transaction of $562,226.13. Following the completion of the transaction, the executive vice president now directly owns 18,699 shares of the company’s stock, valued at approximately $856,601.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David D. Murry sold 6,352 shares of U.S. Silica Holdings stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $45.00, for a total transaction of $285,840.00. Following the transaction, the senior vice president now directly owns 14,839 shares of the company’s stock, valued at $667,755. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund raised its position 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 period. 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. 97.26% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:SLCA

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