U.S. Silica Holdings Inc. (SLCA) Receives $40.44 Average Target Price from Analysts
U.S. Silica Holdings Inc. (NYSE:SLCA) has been assigned an average rating of “Buy” from the twenty-three research firms that are presently covering the firm. Six analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $40.44.
A number of research firms have recently commented on SLCA. Johnson Rice started coverage on U.S. Silica Holdings in a research note on Monday, October 10th. They set an “accumulate” rating and a $56.00 target price on the stock. Credit Suisse Group AG reiterated a “buy” rating and issued a $40.00 price target (up previously from $32.00) on shares of U.S. Silica Holdings in a report on Wednesday, July 20th. Cowen and Company boosted their price target on U.S. Silica Holdings from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, October 11th. Howard Weil boosted their price target on U.S. Silica Holdings from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. boosted their price target on U.S. Silica Holdings from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, August 8th.
In other U.S. Silica Holdings news, EVP Bradford B. Casper sold 12,273 shares of the 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 sale, the executive vice president now directly owns 18,699 shares of the company’s stock, valued at approximately $856,601.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael L. Winkler sold 64,123 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $42.00, for a total value of $2,693,166.00. Following the sale, the chief operating officer now directly owns 57,674 shares in the company, valued at $2,422,308. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of U.S. Silica Holdings by 16.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,480,389 shares of the mining company’s stock valued at $33,634,000 after buying an additional 213,617 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of 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 in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of U.S. Silica Holdings during the second quarter valued at $2,919,000. JPMorgan Chase & Co. increased its stake 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 valued at $5,076,000 after buying an additional 222,596 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of U.S. Silica Holdings during the first quarter valued at $1,136,000. 97.16% of the stock is currently owned by institutional investors.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 46.17 on Wednesday. U.S. Silica Holdings has a 12-month low of $13.54 and a 12-month high of $50.44. The firm has a 50-day moving average price of $46.74 and a 200 day moving average price of $37.47. The stock’s market cap is $3.26 billion.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, December 13th. U.S. Silica Holdings’s dividend payout ratio is currently -29.41%.
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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