The U.S. Silica Holdings Inc. (SLCA) Price Target Raised to $52.00 at Cowen and Company

The U.S. Silica Holdings Inc. (SLCA) Price Target Raised to $52.00 at Cowen and Company

U.S. Silica Holdings Inc. (NYSE:SLCA) had its target price hoisted by Cowen and Company from $42.00 to $52.00 in a research note issued to investors on Tuesday morning. They currently have an outperform rating on the mining company’s stock.

Several other research analysts have also commented on the company. Jefferies Group reiterated a buy rating and issued a $41.00 target price on shares of U.S. Silica Holdings in a research report on Tuesday, July 19th. DA Davidson lowered U.S. Silica Holdings from a buy rating to a neutral rating and set a $36.00 target price for the company. in a research report on Monday, June 13th. They noted that the move was a valuation call. Johnson Rice initiated coverage on U.S. Silica Holdings in a research report on Monday. They issued an accumulate rating for the company. Citigroup Inc. lifted their target price on U.S. Silica Holdings from $45.00 to $48.00 and gave the stock a buy rating in a research report on Monday, September 12th. Finally, Zacks Investment Research upgraded U.S. Silica Holdings from a hold rating to a buy rating and set a $47.00 price objective for the company in a research report on Saturday, August 20th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $37.17.

U.S. Silica Holdings (NYSE:SLCA) opened at 48.95 on Tuesday. U.S. Silica Holdings has a 12-month low of $13.54 and a 12-month high of $49.98. The stock’s 50 day moving average is $43.24 and its 200 day moving average is $33.75. The stock’s market capitalization is $3.11 billion.

U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Tuesday, August 2nd. The mining company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.03. The company earned $117 million during the quarter, compared to analyst estimates of $114.53 million. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. The business’s revenue was down 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Equities research analysts forecast that U.S. Silica Holdings will post ($0.65) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Tuesday, September 13th. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently -39.06%.

In other news, COO Michael L. Winkler sold 64,123 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $42.00, for a total transaction of $2,693,166.00. Following the sale, the chief operating officer now directly owns 57,674 shares of the company’s stock, valued at $2,422,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Don D. Weinheimer sold 30,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the sale, the senior vice president now directly owns 38,130 shares in the company, valued at $1,601,460. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Texas Permanent School Fund raised its stake in shares of U.S. Silica Holdings by 12.4% in the first quarter. Texas Permanent School Fund now owns 49,686 shares of the mining company’s stock worth $1,129,000 after buying an additional 5,499 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of U.S. Silica Holdings by 8.3% in the first quarter. TIAA CREF Investment Management LLC now owns 193,857 shares of the mining company’s stock worth $4,404,000 after buying an additional 14,902 shares during the period. Teachers Advisors Inc. raised its stake in shares of U.S. Silica Holdings by 10.7% in the first quarter. Teachers Advisors Inc. now owns 94,910 shares of the mining company’s stock worth $2,156,000 after buying an additional 9,149 shares during the period. Prudential Financial Inc. raised its stake in shares of U.S. Silica Holdings by 20.0% in the first quarter. Prudential Financial Inc. now owns 145,910 shares of the mining company’s stock worth $3,315,000 after buying an additional 24,300 shares during the period. Finally, BlackRock Inc. raised its stake in shares of U.S. Silica Holdings by 171.3% in the first quarter. BlackRock Inc. now owns 4,710 shares of the mining company’s stock worth $108,000 after buying an additional 2,974 shares during the period. 97.26% of the stock is currently owned by institutional investors.

About U.S. Silica Holdings

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