Jefferies Group LLC set a $40.00 price target on U.S. Silica Holdings, Inc. (NYSE:SLCA) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the mining company’s stock.

SLCA has been the subject of a number of other research reports. Evercore ISI began coverage on shares of U.S. Silica Holdings in a report on Thursday, May 25th. They issued an outperform rating and a $48.00 price target for the company. BidaskClub upgraded shares of U.S. Silica Holdings from a sell rating to a hold rating in a report on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 price target on shares of U.S. Silica Holdings and gave the company a buy rating in a report on Saturday, July 1st. Morgan Stanley cut their price target on shares of U.S. Silica Holdings from $76.00 to $55.00 and set an overweight rating for the company in a report on Wednesday, June 21st. Finally, Cowen and Company cut their price target on shares of U.S. Silica Holdings from $60.00 to $40.00 and set an outperform rating for the company in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $52.18.

U.S. Silica Holdings (NYSE SLCA) opened at 27.45 on Monday. The company has a 50-day moving average of $28.29 and a 200 day moving average of $39.59. The company has a market cap of $2.23 billion, a P/E ratio of 156.86 and a beta of 2.33. U.S. Silica Holdings has a one year low of $24.26 and a one year high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million during the quarter, compared to the consensus estimate of $316.43 million. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The business’s revenue was up 148.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) EPS. Analysts anticipate that U.S. Silica Holdings will post $1.59 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.063 per share. The ex-dividend date is Thursday, September 14th. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.92%. U.S. Silica Holdings’s payout ratio is 192.31%.

Several large investors have recently modified their holdings of SLCA. Creative Planning increased its stake in shares of U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock worth $160,000 after buying an additional 156 shares during the period. State of Alaska Department of Revenue boosted its stake in U.S. Silica Holdings by 4.0% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the mining company’s stock valued at $388,000 after buying an additional 310 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in U.S. Silica Holdings by 11.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,794 shares of the mining company’s stock valued at $230,000 after buying an additional 476 shares in the last quarter. Strs Ohio boosted its stake in U.S. Silica Holdings by 21.5% in the first quarter. Strs Ohio now owns 360,100 shares of the mining company’s stock valued at $17,281,000 after buying an additional 63,800 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in U.S. Silica Holdings by 2,368.0% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 165,359 shares of the mining company’s stock valued at $7,936,000 after buying an additional 158,659 shares in the last quarter.

U.S. Silica Holdings Company Profile

U.S. Silica Holdings, Inc 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, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

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

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