U.S. Silica Holdings, Inc. (NYSE:SLCA)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays PLC in a research note issued on Wednesday, August 2nd. They presently have a $45.00 price objective on the mining company’s stock. Barclays PLC’s price target points to a potential upside of 76.89% from the company’s current price.
Other equities analysts have also issued research reports about the company. Janney Montgomery Scott initiated coverage on U.S. Silica Holdings in a research note on Thursday, June 15th. They set a “buy” rating and a $51.00 price objective on the stock. Scotiabank set a $63.00 target price on U.S. Silica Holdings and gave the company a “buy” rating in a report on Tuesday, June 13th. Citigroup Inc. reduced their target price on U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) raised their target price on U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of U.S. Silica Holdings in a report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $52.01.
U.S. Silica Holdings (NYSE:SLCA) traded down 0.08% on Wednesday, hitting $25.44. 1,505,022 shares of the stock were exchanged. The company’s 50-day moving average is $30.78 and its 200-day moving average is $41.93. U.S. Silica Holdings has a 52 week low of $24.99 and a 52 week high of $61.49. The company has a market cap of $2.07 billion, a PE ratio of 145.37 and a beta of 2.33.
U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same quarter last year, the company earned ($0.17) EPS. The company’s revenue was up 148.3% on a year-over-year basis. On average, analysts predict that U.S. Silica Holdings will post $1.53 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in U.S. Silica Holdings by 3.0% in the second quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock valued at $331,854,000 after buying an additional 274,356 shares during the last quarter. Vanguard Group Inc. increased its position in U.S. Silica Holdings by 1.6% in the second quarter. Vanguard Group Inc. now owns 7,191,404 shares of the mining company’s stock valued at $255,223,000 after buying an additional 114,029 shares during the last quarter. State Street Corp increased its position in U.S. Silica Holdings by 6.9% in the first quarter. State Street Corp now owns 1,966,345 shares of the mining company’s stock valued at $94,369,000 after buying an additional 126,589 shares during the last quarter. Westpac Banking Corp increased its position in U.S. Silica Holdings by 9.4% in the first quarter. Westpac Banking Corp now owns 1,908,200 shares of the mining company’s stock valued at $98,324,000 after buying an additional 164,739 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its position in U.S. Silica Holdings by 111.1% in the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock valued at $63,069,000 after buying an additional 935,430 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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