A number of other brokerages also recently issued reports on SLCA. Seaport Global Securities reaffirmed a buy rating and issued a $46.00 price target on shares of U.S. Silica in a report on Thursday, August 2nd. Wells Fargo & Co started coverage on U.S. Silica in a report on Saturday, September 15th. They issued a buy rating and a $24.00 price target for the company. Piper Jaffray Companies set a $26.00 price target on U.S. Silica and gave the company a buy rating in a report on Tuesday, October 2nd. Guggenheim downgraded U.S. Silica from a buy rating to a neutral rating in a report on Friday, July 6th. Finally, Stifel Nicolaus lowered their price target on U.S. Silica from $26.00 to $24.00 and set a buy rating for the company in a report on Wednesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $32.74.
Shares of U.S. Silica stock opened at $18.38 on Wednesday. U.S. Silica has a one year low of $17.91 and a one year high of $38.70. The stock has a market cap of $1.46 billion, a PE ratio of 12.25 and a beta of 2.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.88 and a quick ratio of 2.27.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, July 31st. The mining company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). The company had revenue of $427.40 million for the quarter, compared to analyst estimates of $455.35 million. U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, sell-side analysts predict that U.S. Silica will post 2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 14th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, September 13th. U.S. Silica’s dividend payout ratio is currently 16.67%.
In other news, Director J Michael Stice acquired 5,414 shares of U.S. Silica stock in a transaction on Friday, September 28th. The stock was bought at an average price of $18.49 per share, for a total transaction of $100,104.86. Following the completion of the purchase, the director now owns 32,556 shares in the company, valued at $601,960.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradford B. Casper acquired 1,500 shares of U.S. Silica stock in a transaction on Friday, September 28th. The stock was purchased at an average price of $18.96 per share, with a total value of $28,440.00. Following the purchase, the executive vice president now owns 18,552 shares of the company’s stock, valued at approximately $351,745.92. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 9,614 shares of company stock valued at $178,565. 1.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SLCA. Northern Trust Corp lifted its stake in U.S. Silica by 16.0% in the first quarter. Northern Trust Corp now owns 1,687,385 shares of the mining company’s stock valued at $43,062,000 after buying an additional 233,137 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of U.S. Silica by 54.9% during the first quarter. JPMorgan Chase & Co. now owns 484,462 shares of the mining company’s stock worth $12,365,000 after purchasing an additional 171,784 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of U.S. Silica by 65.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,372,933 shares of the mining company’s stock worth $86,077,000 after purchasing an additional 1,331,451 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of U.S. Silica by 288.2% during the first quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the mining company’s stock worth $213,000 after purchasing an additional 6,191 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of U.S. Silica by 78.8% during the first quarter. Hsbc Holdings PLC now owns 27,339 shares of the mining company’s stock worth $698,000 after purchasing an additional 12,045 shares during the last quarter. Institutional investors own 99.21% of the company’s stock.
U.S. Silica Company Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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