U.S. Silica Holdings Inc (NYSE:SLCA) Receives Consensus Rating of “Hold” from Brokerages

U.S. Silica Holdings Inc (NYSE:SLCA) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.29.

Several research analysts have weighed in on the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Cowen restated a “hold” rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Seaport Global Securities set a $21.00 target price on U.S. Silica and gave the company a “buy” rating in a research report on Thursday, April 4th. Citigroup reiterated a “buy” rating and set a $25.00 target price on shares of Propetro in a research report on Tuesday, July 2nd. Finally, Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th.

In related news, Director Charles W. Shaver purchased 10,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $130,600.00. Following the completion of the transaction, the director now directly owns 19,909 shares in the company, valued at $260,011.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SLCA. BlackRock Inc. lifted its position in U.S. Silica by 10.0% in the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock worth $116,833,000 after buying an additional 1,045,341 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in U.S. Silica by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,616,371 shares of the mining company’s stock worth $46,997,000 after purchasing an additional 699,673 shares during the period. Norges Bank purchased a new stake in U.S. Silica in the fourth quarter worth $5,896,000. Deutsche Bank AG increased its stake in U.S. Silica by 78.4% in the fourth 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 period. Finally, WINTON GROUP Ltd purchased a new stake in U.S. Silica in the second quarter worth $5,383,000. Institutional investors own 99.25% of the company’s stock.

U.S. Silica stock opened at $11.23 on Friday. The business has a 50 day moving average price of $11.65. The stock has a market cap of $803.94 million, a price-to-earnings ratio of 7.11 and a beta of 2.57. U.S. Silica has a 12-month low of $9.30 and a 12-month high of $27.87. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 1.35.

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 Thomson Reuters’ consensus estimate of ($0.14) by $0.06. U.S. Silica had a negative net margin of 15.85% and a positive return on equity of 9.28%. The company had revenue of $378.75 million during the quarter, compared to analyst estimates of $354.83 million. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, analysts predict that U.S. Silica will post -0.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a $0.063 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.25 dividend on an annualized basis and a yield of 2.24%. U.S. Silica’s dividend payout ratio is presently 15.82%.

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

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