U.S. Silica Holdings, Inc. (NYSE:SLCA) Given a $41.00 Price Target at Credit Suisse Group
Credit Suisse Group set a $41.00 price objective on U.S. Silica Holdings, Inc. (NYSE:SLCA) in a research note issued to investors on Thursday. The firm currently has a buy rating on the mining company’s stock.
SLCA has been the topic of several other research reports. Evercore ISI assumed coverage on shares of U.S. Silica Holdings in a report on Thursday, May 25th. They issued an outperform rating and a $48.00 target price on the stock. Simmons raised their target price on shares of U.S. Silica Holdings from $63.50 to $64.50 and gave the stock an overweight rating in a report on Tuesday, April 11th. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a hold rating to a buy rating and set a $47.00 target price on the stock in a report on Saturday, April 29th. BidaskClub upgraded shares of U.S. Silica Holdings from a sell rating to a hold rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $65.00 target price on shares of U.S. Silica Holdings and gave the stock a buy rating in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. U.S. Silica Holdings has an average rating of Buy and an average price target of $52.01.
Shares of U.S. Silica Holdings (NYSE SLCA) traded up 7.87% on Thursday, hitting $27.83. 4,183,598 shares of the stock were exchanged. The company has a 50 day moving average of $32.59 and a 200 day moving average of $43.44. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 159.03 and a beta of 2.33. U.S. Silica Holdings has a 52-week low of $25.61 and a 52-week high of $61.49.
U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The firm had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $316.43 million. During the same quarter last year, the business earned ($0.17) earnings per share. The business’s revenue was up 148.3% on a year-over-year basis. Equities research analysts forecast that U.S. Silica Holdings will post $1.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a dividend of $0.063 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.91%. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 192.31%.
A number of institutional investors have recently made changes to their positions in SLCA. Howard Hughes Medical Institute purchased a new position in shares of U.S. Silica Holdings during the first quarter valued at approximately $106,000. Tyers Asset Management LLC raised its position in shares of U.S. Silica Holdings by 11.0% in the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after buying an additional 224 shares in the last quarter. Welch Group LLC purchased a new position in shares of U.S. Silica Holdings during the first quarter valued at approximately $113,000. Elkfork Partners LLC raised its position in shares of U.S. Silica Holdings by 11.0% in the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after buying an additional 308 shares in the last quarter. Finally, Creative Planning raised its position in shares of U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares in the last quarter.
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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