U.S. Silica Holdings, Inc. (SLCA) Downgraded by BidaskClub

U.S. Silica Holdings, Inc. (NYSE:SLCA) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada set a $60.00 target price on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a report on Saturday, July 1st. Scotiabank set a $63.00 target price on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a report on Tuesday, June 13th. ValuEngine lowered shares of U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, July 27th. Finally, Barclays PLC reissued an “equal weight” rating and set a $45.00 price target on shares of U.S. Silica Holdings in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $49.66.

Shares of U.S. Silica Holdings (NYSE SLCA) opened at 30.15 on Wednesday. The stock has a 50 day moving average of $29.18 and a 200 day moving average of $34.48. The stock has a market capitalization of $2.45 billion, a PE ratio of 172.29 and a beta of 2.32. U.S. Silica Holdings has a 52-week low of $24.26 and a 52-week high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last issued its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The company had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $316.43 million. During the same period in the prior year, the business earned ($0.17) EPS. The firm’s quarterly revenue was up 148.3% on a year-over-year basis. Analysts forecast that U.S. Silica Holdings will post $1.54 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of U.S. Silica Holdings by 3.0% in the 2nd quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock valued at $331,854,000 after purchasing an additional 274,356 shares during the last quarter. Vanguard Group Inc. raised its position in shares of U.S. Silica Holdings by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,191,404 shares of the mining company’s stock valued at $255,223,000 after purchasing an additional 114,029 shares during the last quarter. State Street Corp raised its position in shares of U.S. Silica Holdings by 35.4% in the 2nd quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock valued at $94,554,000 after purchasing an additional 696,893 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of U.S. Silica Holdings by 111.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock valued at $63,069,000 after purchasing an additional 935,430 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of U.S. Silica Holdings by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,320,366 shares of the mining company’s stock valued at $46,860,000 after purchasing an additional 94,769 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.

Analyst Recommendations for U.S. Silica Holdings (NYSE:SLCA)

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