Piper Jaffray Companies restated their buy rating on shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) in a research report sent to investors on Friday morning. Piper Jaffray Companies currently has a $40.50 price target on the mining company’s stock.
A number of other research analysts have also issued reports on SLCA. Zacks Investment Research lowered U.S. Silica Holdings from a hold rating to a sell rating in a research report on Monday, July 17th. BidaskClub upgraded U.S. Silica Holdings from a sell rating to a hold rating in a research report on Wednesday, July 19th. Credit Suisse Group restated an outperform rating and set a $42.00 price objective (down previously from $65.00) on shares of U.S. Silica Holdings in a research report on Thursday, July 20th. Cowen and Company reduced their price objective on U.S. Silica Holdings from $60.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday, August 2nd. Finally, Barclays PLC restated an equal weight rating and set a $45.00 price objective on shares of U.S. Silica Holdings in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $48.00.
U.S. Silica Holdings (NYSE:SLCA) opened at $35.89 on Friday. The company has a market capitalization of $2,885.23, a P/E ratio of 39.03 and a beta of 2.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.67 and a quick ratio of 3.26. U.S. Silica Holdings has a 12-month low of $24.26 and a 12-month high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Monday, November 6th. The mining company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. U.S. Silica Holdings had a return on equity of 5.73% and a net margin of 6.24%. The company had revenue of $345.00 million during the quarter, compared to analyst estimates of $328.91 million. During the same quarter last year, the firm earned ($0.13) EPS. The business’s revenue was up 150.5% on a year-over-year basis. research analysts expect that U.S. Silica Holdings will post 1.52 earnings per share for the current year.
U.S. Silica Holdings announced that its board has approved a share buyback program on Monday, November 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the mining company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, December 14th. U.S. Silica Holdings’s dividend payout ratio is presently 31.25%.
Several institutional investors and hedge funds have recently bought and sold shares of SLCA. Van Berkom & Associates Inc. raised its stake in shares of U.S. Silica Holdings by 111.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock worth $63,069,000 after buying an additional 935,430 shares in the last quarter. State Street Corp raised its position in shares of U.S. Silica Holdings by 35.4% during the second quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock worth $94,554,000 after purchasing an additional 696,893 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of U.S. Silica Holdings during the second quarter worth $22,977,000. SG Capital Management LLC acquired a new stake in shares of U.S. Silica Holdings during the third quarter worth $19,881,000. Finally, Victory Capital Management Inc. raised its position in shares of U.S. Silica Holdings by 178.7% during the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock worth $34,101,000 after purchasing an additional 616,051 shares during the period.
About U.S. Silica Holdings
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.
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