Jefferies Group set a $57.00 price target on U.S. Silica Holdings Inc. (NYSE:SLCA) in a report released on Tuesday. The firm currently has a a buy rating on the mining company’s stock.

SLCA has been the subject of a number of other reports. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a hold rating to a strong-buy rating and set a $37.00 price target for the company in a research report on Wednesday, June 29th. Citigroup Inc. lifted their price target on shares of U.S. Silica Holdings from $32.00 to $40.00 and gave the company a buy rating in a research report on Wednesday, July 13th. Royal Bank Of Canada lifted their price target on shares of U.S. Silica Holdings from $39.00 to $44.00 and gave the company an outperform rating in a research report on Tuesday, July 19th. Cowen and Company lifted their price target on shares of U.S. Silica Holdings from $29.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, July 20th. Finally, Credit Suisse Group AG reiterated a buy rating and set a $40.00 price target (up from $32.00) on shares of U.S. Silica Holdings in a research 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 company currently has an average rating of Buy and a consensus target price of $38.51.

U.S. Silica Holdings (NYSE:SLCA) traded up 2.36% during midday trading on Tuesday, reaching $49.81. The company’s stock had a trading volume of 1,128,542 shares. The company’s 50-day moving average is $44.43 and its 200 day moving average is $34.67. U.S. Silica Holdings has a 52 week low of $13.54 and a 52 week high of $50.44. The firm’s market capitalization is $3.17 billion.

U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data 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 firm earned $117 million during 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 earned $0.08 earnings per share. Analysts expect that U.S. Silica Holdings will post ($0.65) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Thursday, September 15th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.25 dividend on an annualized basis and a yield of 0.51%. U.S. Silica Holdings’s dividend payout ratio (DPR) is -39.06%.

In related news, SVP Don D. Weinheimer sold 30,000 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the senior vice president now directly owns 38,130 shares of the company’s stock, valued at approximately $1,601,460. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradford B. Casper sold 12,273 shares of the company’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $45.81, for a total transaction of $562,226.13. Following the sale, the executive vice president now directly owns 18,699 shares of the company’s stock, valued at $856,601.19. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SLCA. Adage Capital Partners GP L.L.C. purchased a new position in shares of U.S. Silica Holdings during the first quarter worth approximately $1,136,000. Loomis Sayles & Co. L P raised its position in shares of U.S. Silica Holdings by 86,278.5% in the first quarter. Loomis Sayles & Co. L P now owns 342,059 shares of the mining company’s stock worth $7,772,000 after buying an additional 341,663 shares in the last quarter. State Street Corp raised 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. Credit Agricole S A raised its position in shares of U.S. Silica Holdings by 348.2% in the first quarter. Credit Agricole S A now owns 120,020 shares of the mining company’s stock worth $2,727,000 after buying an additional 93,240 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of U.S. Silica Holdings by 26,916.1% in the first quarter. JPMorgan Chase & Co. now owns 223,423 shares of the mining company’s stock worth $5,076,000 after buying an additional 222,596 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:SLCA

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