Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) fell 1% during mid-day trading on Tuesday . The company traded as low as $33.35 and last traded at $35.89. 2,048,000 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 2,534,496 shares. The stock had previously closed at $35.52.
SLCA has been the topic of a number of research analyst reports. Wolfe Research downgraded shares of U.S. Silica Holdings from a “market perform” rating to an “underperform” rating in a research note on Tuesday. Jefferies Group LLC set a $43.00 price target on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Monday. Piper Jaffray Companies reissued a “buy” rating and issued a $40.50 price target on shares of U.S. Silica Holdings in a research note on Friday. Citigroup Inc. upped their price target on shares of U.S. Silica Holdings from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Friday. Finally, Credit Suisse Group AG cut their price objective on shares of U.S. Silica Holdings from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.00.
The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2,750.00, a P/E ratio of 39.03 and a beta of 2.29.
U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings data on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. U.S. Silica Holdings had a return on equity of 5.73% and a net margin of 6.24%. The company had revenue of $345.00 million during the quarter, compared to analysts’ expectations of $328.91 million. During the same period last year, the firm posted ($0.13) earnings per share. The business’s revenue was up 150.5% on a year-over-year basis. equities research analysts predict that U.S. Silica Holdings, Inc. will post 1.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be issued a dividend of $0.063 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.25 annualized dividend and a yield of 0.70%. U.S. Silica Holdings’s payout ratio is currently 31.25%.
U.S. Silica Holdings declared that its Board of Directors has authorized a stock buyback plan on Monday, November 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the mining company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in SLCA. Winch Advisory Services LLC grew its position in U.S. Silica Holdings by 109.0% during the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock worth $146,000 after acquiring an additional 2,152 shares during the last quarter. Riverhead Capital Management LLC grew its position in U.S. Silica Holdings by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after acquiring an additional 1,726 shares during the last quarter. Verde Servicos Internacionais S.A. bought a new stake in U.S. Silica Holdings during the 3rd quarter worth $201,000. First Heartland Consultants Inc. bought a new stake in U.S. Silica Holdings during the 2nd quarter worth $213,000. Finally, Everence Capital Management Inc. grew its position in U.S. Silica Holdings by 20.5% during the 2nd quarter. Everence Capital Management Inc. now owns 6,050 shares of the mining company’s stock worth $215,000 after acquiring an additional 1,030 shares during 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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