U.S. Silica Holdings Inc (NYSE:SLCA) has been given a consensus rating of “Hold” by the twenty-four brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $25.16.
Several research analysts have recently weighed in on SLCA shares. Royal Bank of Canada set a $60.00 price target on shares of U.S. Silica and gave the stock a “buy” rating in a report on Thursday, December 20th. OTR Global cut U.S. Silica from a “positive” rating to a “negative” rating in a research note on Friday, December 21st. TheStreet cut U.S. Silica from a “c” rating to a “d+” rating in a research note on Monday, March 4th. Stifel Nicolaus set a $18.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research raised U.S. Silica from a “sell” rating to a “hold” rating in a research note on Monday, December 31st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC boosted its position in U.S. Silica by 41.9% during the third quarter. MetLife Investment Advisors LLC now owns 54,451 shares of the mining company’s stock valued at $1,025,000 after buying an additional 16,090 shares during the period. JPMorgan Chase & Co. boosted its position in U.S. Silica by 24.4% during the third quarter. JPMorgan Chase & Co. now owns 853,622 shares of the mining company’s stock valued at $16,074,000 after buying an additional 167,410 shares during the period. Pinnacle Associates Ltd. boosted its position in U.S. Silica by 94.6% during the third quarter. Pinnacle Associates Ltd. now owns 48,402 shares of the mining company’s stock valued at $911,000 after buying an additional 23,526 shares during the period. PNC Financial Services Group Inc. boosted its position in U.S. Silica by 801.0% during the third quarter. PNC Financial Services Group Inc. now owns 86,488 shares of the mining company’s stock valued at $1,628,000 after buying an additional 76,889 shares during the period. Finally, Welch & Forbes LLC purchased a new stake in U.S. Silica during the fourth quarter valued at about $742,000.
U.S. Silica stock opened at $15.54 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of 9.84 and a beta of 2.39. U.S. Silica has a fifty-two week low of $9.30 and a fifty-two week high of $34.34. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 1.25.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, February 19th. The mining company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.04. The firm had revenue of $357.38 million for the quarter, compared to analysts’ expectations of $372.00 million. U.S. Silica had a negative net margin of 12.73% and a positive return on equity of 12.55%. The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. As a group, sell-side analysts anticipate that U.S. Silica will post -0.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a boost from U.S. Silica’s previous quarterly dividend of $0.06. U.S. Silica’s dividend payout ratio is currently 15.82%.
U.S. Silica Company Profile
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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