U.S. Silica Holdings, Inc. (SLCA) Price Target Cut to $47.00 by Analysts at Royal Bank Of Canada
U.S. Silica Holdings, Inc. (NYSE:SLCA) had its price objective trimmed by Royal Bank Of Canada from $55.00 to $47.00 in a research report released on Wednesday. The brokerage currently has an outperform rating on the mining company’s stock.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of U.S. Silica Holdings from a hold rating to a sell rating in a research report on Monday, July 17th. Piper Jaffray Companies reissued a buy rating and issued a $36.00 price target on shares of U.S. Silica Holdings in a research report on Thursday, October 19th. Jefferies Group LLC set a $40.00 price target on shares of U.S. Silica Holdings and gave the stock a buy rating in a research report on Monday, August 28th. Credit Suisse Group reissued an outperform rating and issued a $42.00 price target (down previously from $65.00) on shares of U.S. Silica Holdings in a research report on Thursday, July 20th. Finally, BidaskClub raised shares of U.S. Silica Holdings from a sell rating to a hold rating in a research report on Saturday, September 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $47.84.
Shares of U.S. Silica Holdings (NYSE SLCA) traded down $0.04 on Wednesday, hitting $35.52. 2,304,600 shares of the stock were exchanged, compared to its average volume of 2,116,830. U.S. Silica Holdings has a 1-year low of $24.26 and a 1-year high of $61.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.67 and a quick ratio of 4.88. The firm has a market capitalization of $2,885.22, a price-to-earnings ratio of 39.03 and a beta of 2.29.
U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. U.S. Silica Holdings 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 analyst estimates of $328.91 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. The company’s quarterly revenue was up 150.5% compared to the same quarter last year. equities research analysts predict that U.S. Silica Holdings will post 1.52 earnings per share for the current year.
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U.S. Silica Holdings announced that its board has approved a stock buyback plan on Monday, November 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the mining company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.71%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 31.25%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of U.S. Silica Holdings by 467.4% during the second quarter. BNP Paribas Arbitrage SA now owns 89,781 shares of the mining company’s stock valued at $3,186,000 after purchasing an additional 73,959 shares during the last quarter. Royal Bank of Canada boosted its stake in U.S. Silica Holdings by 43.0% in the second quarter. Royal Bank of Canada now owns 399,758 shares of the mining company’s stock valued at $14,187,000 after acquiring an additional 120,146 shares during the last quarter. Eaton Vance Management boosted its stake in U.S. Silica Holdings by 64.5% in the second quarter. Eaton Vance Management now owns 271,753 shares of the mining company’s stock valued at $9,645,000 after acquiring an additional 106,581 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in U.S. Silica Holdings in the second quarter valued at approximately $22,977,000. Finally, Vanguard Group Inc. boosted its stake in U.S. Silica Holdings by 1.6% in the second quarter. Vanguard Group Inc. now owns 7,191,404 shares of the mining company’s stock valued at $255,223,000 after acquiring an additional 114,029 shares during the last quarter.
U.S. Silica Holdings 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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