U.S. Silica Holdings Inc (NYSE:SLCA) – Research analysts at Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for shares of U.S. Silica in a report released on Thursday, Zacks Investment Research reports. Jefferies Group analyst B. Handler now expects that the mining company will post earnings of $0.50 per share for the quarter, down from their previous estimate of $0.51. Jefferies Group also issued estimates for U.S. Silica’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.90 EPS, FY2019 earnings at $3.55 EPS and FY2020 earnings at $3.00 EPS.
SLCA has been the topic of a number of other research reports. Zacks Investment Research raised U.S. Silica from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Monday, December 4th. Royal Bank of Canada set a $44.00 price target on U.S. Silica and gave the company a “buy” rating in a report on Thursday, December 21st. Barclays raised U.S. Silica from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a report on Monday, November 20th. SunTrust Banks cut their price target on U.S. Silica to $38.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of U.S. Silica in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $44.57.
U.S. Silica (SLCA) traded down $0.18 on Monday, hitting $26.39. The stock had a trading volume of 3,587,630 shares, compared to its average volume of 3,260,000. The company has a market capitalization of $2,130.00, a PE ratio of 19.69 and a beta of 2.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.86 and a current ratio of 3.29. U.S. Silica has a 52 week low of $24.26 and a 52 week high of $50.39.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in U.S. Silica by 5.2% in the 4th quarter. BlackRock Inc. now owns 10,676,019 shares of the mining company’s stock worth $347,610,000 after purchasing an additional 530,193 shares during the period. Ariel Investments LLC boosted its stake in U.S. Silica by 2.5% in the 4th quarter. Ariel Investments LLC now owns 4,899,994 shares of the mining company’s stock worth $159,544,000 after purchasing an additional 119,149 shares during the period. State Street Corp boosted its stake in U.S. Silica by 35.4% in the 2nd quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock worth $94,554,000 after purchasing an additional 696,893 shares during the period. Van Berkom & Associates Inc. boosted its stake in U.S. Silica by 4.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,850,760 shares of the mining company’s stock worth $57,503,000 after purchasing an additional 73,679 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in U.S. Silica by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,444,958 shares of the mining company’s stock worth $47,047,000 after purchasing an additional 13,352 shares during the period. 99.30% of the stock is owned by hedge funds and other institutional investors.
In other U.S. Silica news, Director Diane K. Duren purchased 10,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $25.96 per share, for a total transaction of $259,600.00. Following the completion of the transaction, the director now owns 12,168 shares in the company, valued at approximately $315,881.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradford B. Casper sold 8,700 shares of U.S. Silica stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $34.21, for a total transaction of $297,627.00. Following the completion of the transaction, the executive vice president now owns 18,593 shares in the company, valued at approximately $636,066.53. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 34,900 shares of company stock worth $926,830. 1.00% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be given a $0.0625 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.25 annualized dividend and a yield of 0.95%. U.S. Silica’s dividend payout ratio (DPR) is 18.66%.
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About U.S. Silica
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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