U.S. Silica Holdings, Inc. (NYSE:SLCA) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other brokerages have also weighed in on SLCA. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. dropped their price objective on U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) upped their price objective on U.S. Silica Holdings from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price objective (down previously from $65.00) on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $45.00 price objective on shares of U.S. Silica Holdings in a report on Wednesday, August 2nd. Three 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 company. U.S. Silica Holdings has an average rating of “Buy” and an average target price of $52.18.

U.S. Silica Holdings (NYSE:SLCA) traded up 0.62% during midday trading on Friday, reaching $27.38. 1,266,531 shares of the company were exchanged. U.S. Silica Holdings has a 52-week low of $24.26 and a 52-week high of $61.49. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 156.46 and a beta of 2.33. The company has a 50 day moving average of $27.61 and a 200-day moving average of $38.52.

U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. U.S. Silica Holdings’s quarterly revenue was up 148.3% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Silica Holdings will post $1.58 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. QS Investors LLC raised its stake in U.S. Silica Holdings by 0.3% in the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after buying an additional 18 shares during the last quarter. HL Financial Services LLC raised its stake in U.S. Silica Holdings by 0.4% in the first quarter. HL Financial Services LLC now owns 11,980 shares of the mining company’s stock worth $575,000 after buying an additional 43 shares during the last quarter. Somerset Trust Co raised its stake in U.S. Silica Holdings by 0.7% in the second quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock worth $231,000 after buying an additional 43 shares during the last quarter. Covenant Asset Management LLC raised its stake in U.S. Silica Holdings by 0.5% in the second quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock worth $718,000 after buying an additional 100 shares during the last quarter. Finally, World Asset Management Inc raised its stake in U.S. Silica Holdings by 3.3% in the first quarter. World Asset Management Inc now owns 4,695 shares of the mining company’s stock worth $225,000 after buying an additional 152 shares during 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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