U.S. Silica (NYSE:SLCA) had its price target hoisted by Morgan Stanley from $14.00 to $15.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm currently has an underweight rating on the mining company’s stock.
Other equities research analysts have also issued reports about the stock. Cowen reiterated a hold rating on shares of PTC Therapeutics in a report on Thursday, May 2nd. Citigroup reiterated a buy rating and set a $25.00 target price on shares of Propetro in a report on Tuesday, July 2nd. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Seaport Global Securities set a $21.00 target price on shares of U.S. Silica and gave the stock a buy rating in a report on Thursday, April 4th. Finally, Bank of America set a $54.00 target price on shares of Fortis and gave the stock a buy rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $22.29.
U.S. Silica stock opened at $12.84 on Friday. The firm has a market cap of $975.27 million, a price-to-earnings ratio of 8.13 and a beta of 2.57. U.S. Silica has a 52-week low of $9.30 and a 52-week high of $27.87. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.77. The business’s 50 day simple moving average is $11.61.
U.S. Silica (NYSE:SLCA) last released its earnings results on Wednesday, May 1st. The mining company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The company had revenue of $378.75 million for the quarter, compared to analyst estimates of $354.83 million. U.S. Silica had a negative net margin of 15.85% and a positive return on equity of 9.28%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Analysts predict that U.S. Silica will post -0.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.063 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.96%. U.S. Silica’s payout ratio is 15.82%.
In other news, Director Charles W. Shaver acquired 10,000 shares of U.S. Silica stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $13.06 per share, for a total transaction of $130,600.00. Following the acquisition, the director now owns 19,909 shares of the company’s stock, valued at $260,011.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SLCA. BlackRock Inc. grew its position in shares of U.S. Silica by 10.0% in the 4th quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock valued at $116,833,000 after buying an additional 1,045,341 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of U.S. Silica by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,616,371 shares of the mining company’s stock valued at $46,997,000 after buying an additional 699,673 shares during the last quarter. Norges Bank purchased a new position in U.S. Silica during the 4th quarter worth $5,896,000. Deutsche Bank AG grew its position in U.S. Silica by 78.4% during the 4th quarter. Deutsche Bank AG now owns 1,065,752 shares of the mining company’s stock worth $10,848,000 after purchasing an additional 468,259 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in U.S. Silica during the 2nd quarter worth $5,383,000. 99.25% of the stock is currently owned by hedge funds and other institutional investors.
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, 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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