U.S. Silica (NYSE:SLCA) Shares Down 10.3%

U.S. Silica Holdings Inc (NYSE:SLCA)’s stock price traded down 10.3% during mid-day trading on Friday . The company traded as low as $10.88 and last traded at $10.98, 1,943,899 shares were traded during mid-day trading. An increase of 14% from the average session volume of 1,702,659 shares. The stock had previously closed at $12.24.

SLCA has been the topic of a number of analyst reports. Cowen restated an “outperform” rating and issued a $20.00 price target (down from $22.00) on shares of U.S. Silica in a research note on Thursday, May 2nd. ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Bank of America set a $15.00 price target on U.S. Silica and gave the stock a “sell” rating in a report on Thursday, May 2nd. Citigroup set a $14.00 price target on U.S. Silica and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Finally, Morgan Stanley raised their price target on U.S. Silica from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. U.S. Silica presently has a consensus rating of “Hold” and a consensus price target of $21.50.

The stock has a fifty day simple moving average of $12.06 and a two-hundred day simple moving average of $13.63. The company has a market cap of $927.11 million, a PE ratio of 6.95, a price-to-earnings-growth ratio of 5.14 and a beta of 2.60. The company has a current ratio of 1.79, a quick ratio of 1.34 and a debt-to-equity ratio of 1.33.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.19. U.S. Silica had a positive return on equity of 6.49% and a negative net margin of 16.92%. The company had revenue of $394.85 million for the quarter, compared to analyst estimates of $396.72 million. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Silica Holdings Inc will post 0.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, September 12th. U.S. Silica’s dividend payout ratio is presently 15.82%.

Several large investors have recently made changes to their positions in SLCA. Parallel Advisors LLC boosted its stake in shares of U.S. Silica by 146.2% during the 1st quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after acquiring an additional 864 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of U.S. Silica by 348.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,500 shares in the last quarter. Investors Research Corp purchased a new stake in shares of U.S. Silica during the 1st quarter worth approximately $26,000. Avestar Capital LLC purchased a new stake in shares of U.S. Silica during the 1st quarter worth approximately $27,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of U.S. Silica by 81.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock worth $41,000 after acquiring an additional 1,450 shares in the last quarter.

About U.S. Silica (NYSE:SLCA)

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, 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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