U.S. Silica (NYSE:SLCA) had its target price reduced by B. Riley from $36.00 to $26.00 in a report issued on Thursday morning. They currently have a buy rating on the mining company’s stock.

A number of other equities research analysts also recently weighed in on SLCA. ValuEngine downgraded shares of U.S. Silica from a sell rating to a strong sell rating in a research note on Saturday, June 2nd. Wells Fargo & Co downgraded shares of U.S. Silica from an outperform rating to a market perform rating and set a $32.00 price target on the stock. in a research note on Friday, June 29th. Guggenheim downgraded shares of U.S. Silica from a buy rating to a neutral rating in a research note on Friday, July 6th. Morgan Stanley downgraded shares of U.S. Silica from an overweight rating to an equal weight rating and set a $43.00 target price on the stock. in a research note on Thursday, July 12th. Finally, KeyCorp reduced their target price on shares of U.S. Silica from $40.00 to $35.00 and set a buy rating on the stock in a research note on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. U.S. Silica currently has a consensus rating of Hold and an average target price of $36.78.

SLCA traded down $0.05 during trading on Thursday, reaching $19.38. 3,935 shares of the company’s stock were exchanged, compared to its average volume of 2,441,731. U.S. Silica has a fifty-two week low of $19.07 and a fifty-two week high of $38.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.88 and a quick ratio of 2.27. The company has a market capitalization of $1.55 billion, a P/E ratio of 12.97 and a beta of 2.15.

U.S. Silica (NYSE:SLCA) last posted its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The business had revenue of $427.40 million for the quarter, compared to analyst estimates of $455.35 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 47.1% on a year-over-year basis. equities research analysts expect that U.S. Silica will post 2.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.29%. U.S. Silica’s dividend payout ratio is presently 16.67%.

Several large investors have recently modified their holdings of the company. LSV Asset Management lifted its position in U.S. Silica by 4,355.2% during the 2nd quarter. LSV Asset Management now owns 3,965,084 shares of the mining company’s stock worth $101,863,000 after buying an additional 3,876,084 shares in the last quarter. Senvest Management LLC lifted its position in U.S. Silica by 383.2% during the 2nd quarter. Senvest Management LLC now owns 1,779,057 shares of the mining company’s stock worth $45,704,000 after buying an additional 1,410,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in U.S. Silica by 65.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,372,933 shares of the mining company’s stock worth $86,077,000 after buying an additional 1,331,451 shares in the last quarter. Glenmede Trust Co. NA lifted its position in U.S. Silica by 423.0% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,271,066 shares of the mining company’s stock worth $32,653,000 after buying an additional 1,028,013 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in U.S. Silica by 44.9% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,722,849 shares of the mining company’s stock worth $69,487,000 after buying an additional 843,808 shares in the last quarter. Institutional investors own 99.21% of the company’s stock.

About U.S. Silica

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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Analyst Recommendations for U.S. Silica (NYSE:SLCA)

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