A number of other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies restated a buy rating on shares of U.S. Silica in a report on Tuesday, January 9th. Royal Bank of Canada set a $44.00 target price on shares of U.S. Silica and gave the company a buy rating in a report on Thursday, December 21st. Zacks Investment Research downgraded shares of U.S. Silica from a strong-buy rating to a hold rating in a report on Monday, December 11th. Seaport Global Securities began coverage on shares of U.S. Silica in a report on Friday, December 8th. They issued a buy rating and a $59.00 target price for the company. Finally, B. Riley began coverage on shares of U.S. Silica in a report on Wednesday, December 6th. They issued a buy rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $48.60.
Shares of U.S. Silica (NYSE SLCA) opened at $38.00 on Thursday. U.S. Silica has a twelve month low of $24.26 and a twelve month high of $61.49. The stock has a market cap of $3,086.66, a P/E ratio of 41.76 and a beta of 2.33. 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 (NYSE:SLCA) last released its earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. The firm had revenue of $345.00 million during the quarter, compared to the consensus estimate of $328.91 million. During the same period in the previous year, the firm earned ($0.13) earnings per share. U.S. Silica’s revenue was up 150.5% compared to the same quarter last year. equities analysts anticipate that U.S. Silica will post 1.51 EPS for the current year.
U.S. Silica announced that its board has initiated a stock repurchase program on Monday, November 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the mining company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were paid a dividend of $0.063 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.25 annualized dividend and a yield of 0.66%. U.S. Silica’s dividend payout ratio is currently 31.25%.
In other news, Director Charles W. Shaver bought 3,300 shares of U.S. Silica stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average cost of $33.99 per share, with a total value of $112,167.00. Following the completion of the transaction, the director now owns 29,829 shares in the company, valued at approximately $1,013,887.71. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bradford B. Casper sold 8,700 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.21, for a total transaction of $297,627.00. Following the transaction, the executive vice president now directly owns 18,593 shares in the company, valued at $636,066.53. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 7,900 shares of company stock valued at $256,063. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SLCA. Riverhead Capital Management LLC lifted its position in shares of U.S. Silica by 69.0% during the second quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after purchasing an additional 1,726 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new position in shares of U.S. Silica during the third quarter worth $201,000. QS Investors LLC lifted its position in shares of U.S. Silica by 0.3% during the second quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after purchasing an additional 18 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of U.S. Silica during the second quarter worth $221,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of U.S. Silica during the third quarter worth $242,000.
U.S. Silica 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.
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