US Silica (SLCA) Given a $45.00 Price Target by Cowen Analysts

Galtero Lara
Enero 14, 2018

The firm has "Buy" rating given on Friday, July 7 by Cowen & Co. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of U.S. Silica by 47.8% in the 3rd quarter.

A number of other research analysts also recently weighed in on SLCA. QS Investors LLC now owns 6,128 shares of the mining company's stock worth $217,000 after acquiring an additional 18 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of U.S. Silica by 13.3% in the 2nd quarter. The Ejf Capital Llc holds 500,000 shares with $12.48M value, down from 577,989 last quarter. 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. Finally, Rice Hall James & Associates LLC purchased a new position in U.S. Silica in the third quarter valued at approximately $16,279,000. Profund Advisors LLC now owns 18,855 shares of the mining company's stock valued at $669,000 after buying an additional 895 shares during the period. 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). Corporate insiders own 1.20% of the company's stock. U.S. Silica Holdings now has a consensus rating of Buy and an average target price of $49.67. The shares were sold at an average price of $34.21, for a total transaction of $297,627.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

In other U.S. Silica news, CEO Bryan Adair Shinn acquired 4,000 shares of the company's stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average price of $31.30 per share, with a total value of $125,200.00. Following the sale, the senior vice president now directly owns 14,458 shares in the company, valued at $867,480. The disclosure for this sale can be found here. Insiders have bought 7,900 shares of company stock valued at $256,063 in the last three months.

For this year, U.S. Silica Holdings, Inc. 1,307,119 shares of the company were exchanged, compared to its average volume of 2,260,000. RBC Capital Markets maintained U.S. Silica Holdings, Inc. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.26 and a current ratio of 3.67.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings data 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. FBR Capital initiated U.S. Silica Holdings, Inc. The business had revenue of $345.00 million during the quarter, compared to analyst estimates of $328.91 million. During the same period in the prior year, the business earned ($0.13) EPS. This buyback authorization authorizes the mining company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

More news: El papa condena la hostilidad contra los migrantes

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were issued a $0.063 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.66%. Us Silica Holdings Inc now has $3.09 billion valuation.

SLCA has been the subject of several research reports. Finally, Cowen and Company lifted their price target on shares of U.S. Silica Holdings from $52.00 to $59.00 and gave the company an outperform rating in a research report on Friday, December 2nd. 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. ValuEngine upgraded U.S. Silica from a "sell" rating to a "hold" rating in a report on Friday, December 1st. Piper Jaffray maintained the stock with "Buy" rating in Sunday, August 6 report.

Among 25 analysts covering U.S. Silica (NYSE:SLCA), 22 have Buy rating, 1 Sell and 2 Hold. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the stock. They issued a buy rating and a $67.00 price target for the company.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright and trademark law.

U.S. Silica Holdings, Inc (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The firm operates through two divisions, Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.

Otros informes por

Discuta este artículo

SIGUE NUESTRO PERIÓDICO