U.S. Silica presently has an average rating of "Buy" and a consensus price target of $48.60. ValuEngine raised shares of U.S. Silica from a "sell" rating to a "hold" rating in a research note on Friday, December 1st. SunTrust Banks restated a "buy" rating and set a $43.00 price objective (up previously from $35.00) on shares of U.S. Silica in a report on Thursday, September 28th. Finally, Piper Jaffray Companies reiterated a "buy" rating and issued a $40.50 target price on shares of U.S. Silica in a report on Friday, November 10th.
U.S. Silica (NYSE:SLCA) has been assigned a $44.00 price objective by Royal Bank of Canada in a report released on Thursday, December 21st. RBC Capital Markets maintained the shares of SLCA in report on Wednesday, November 8 with "Buy" rating. The firm owned 30,073 shares of the mining company's stock after purchasing an additional 17,212 shares during the period. They issued a buy rating and a $67.00 price target for the company.
U.S. Silica Holdings Inc (NYSE SLCA) traded down $0.25 during trading on Friday, reaching $38.00. PNC Financial Services Group Inc. now owns 18,504 shares of the mining company's stock valued at $657,000 after buying an additional 1,027 shares during the period. The firm has a market capitalization of $3,090.00, a P/E ratio of 47.50 and a beta of 2.33. U.S. Silica has a 1-year low of $24.26 and a 1-year high of $61.49. The company has a quick ratio of 3.26, a current ratio of 3.67 and a debt-to-equity ratio of 0.39.
U.S. Silica (NYSE:SLCA) last announced its earnings results on Monday, November 6th. The mining company reported $0.53 EPS for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.02. The company had revenue of $345.00 million for the quarter, compared to analysts' expectations of $328.91 million. FBR Capital initiated U.S. Silica Holdings, Inc.
U.S. Silica announced that its board has authorized a share repurchase plan on Monday, November 6th that permits the company to repurchase $100.00 million in outstanding shares. During the same quarter in the previous year, the business earned ($0.13) EPS. research analysts forecast that U.S. Silica will post 1.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a dividend of $0.063 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.66%. U S Silica Hldgs Inc now has $3.09B valuation. Sir Capital Management Lp bought 231,675 shares as the company's stock declined 29.01% while stock markets rallied. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued. Following the completion of the transaction, the executive vice president now directly owns 18,593 shares in the company, valued at approximately $636,066.53. The sale was disclosed in a document filed with the SEC, which is available at this link. Ubs Global Asset Management Americas Inc sold 179,036 shares as Us Silica Holdings Inc (SLCA)'s stock declined 29.01%. The institutional investor held 685,000 shares of the basic industries company at the end of 2017Q3, valued at $21.28 million, up from 658,000 at the end of the previous reported quarter. The disclosure for this purchase can be found here. Insiders acquired 7,900 shares of company stock worth $256,063 over the last three months. Company insiders own 1.00% of the company's stock.
Several hedge funds have recently modified their holdings of the business. State Street Corp increased its stake in U.S. Silica by 35.4% in the second quarter. The company now has an average rating of "Buy" and a consensus price target of $48.60. It also reduced its holding in Blackrock Inc (NYSE:BLK) by 2,300 shares in the quarter, leaving it with 5,500 shares, and cut its stake in Forum Energy Tec (NYSE:FET). Eaton Vance Management now owns 271,753 shares of the mining company's stock valued at $9,645,000 after acquiring an additional 106,581 shares in the last quarter.
Sir Capital Management Lp increased U S Silica Hldgs Inc (SLCA) stake by 285.16% reported in 2017Q3 SEC filing. Profund Advisors LLC grew its stake in shares of U.S. Silica by 5.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 916,732 shares of the mining company's stock valued at $28,483,000 after acquiring an additional 481,067 shares in the last quarter.
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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.