Share

Right place, right time for U.S. Silica, Credit Suisse says

Vetr downgraded shares of U.S. Silica Holdings from a strong-buy rating to a buy rating and set a $40.31 price objective on the stock.in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The brokerage now has a $49.00 target price on the mining company’s stock, up from their prior target price of $42.00. The company has an Average Rating of 2.58 based on analysts tracked by Thomson Reuters. The sell-side target prices range from $17 to $32. (NYSE:SLCA) accumulated +2.83%, closing at $42.10 after floating between $41.10 and $42.15. The firm’s market cap is $2.68 billion. The firm has a 50-day moving average of $38.19 and a 200-day moving average of $29.40.

Advertisement

CF Industries Holdings, Inc.is trading up 24.65% versus 12-month low of $20.77 and stands -54.85 lower from its 1-year peak of $57.08. The company’s revenue was down -20.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS. Revenues hit $1.13B in the June 2016 quarter, which was below the consensus $1.13B projection. Earnings per share for the recently concluded quarter is expected to come in at $0.03/share with $800.67M in revenue. U.S. Silica Holdings Inc makes up approx 0.02% of Credit Agricole S A’s portfolio.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. The debt-to-equity ratio (D/E) was recorded at 0.78. This represents a $0.25 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, September 13th.

Other Hedge Funds, Including, Susquehanna International Group Llp reduced its stake in SLCA by selling 3,622 shares or 1.98% in the most recent quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The stock’s weekly volatility was 3.01% and the RSI amounts to 64.77. 2 analysts have suggested “Sell” for the company. Financial Management Professionals added SLCA to its portfolio by purchasing 238 company shares during the most recent quarter which is valued at $9,303. The disclosure for this sale can be found here. The most recent short interest data show 13.71% of the company’s stock are short sold.

The share price of U.S. Silica Holdings, Inc. Its Director ARZBAECHER ROBERT C Purchased 21,600 company shares for $502000.2, in a transaction on 2016-08-16. All of these actions combined with our revised sand demand model put U.S. Silica in the best position to capitalize on frack and completion intensity through the course of the cycle… Envestnet Asset Management Inc. now owns 5,086 shares of the mining company’s stock worth $116,000 after buying an additional 330 shares during the last quarter.

Advertisement

Investors should note that on Jul 25, 2016, U.S. Silica Holdings Inc announced a cash dividend of $0.0625. Strs Ohio now owns 5,400 shares of the mining company’s stock worth $186,000 after buying an additional 5,200 shares during the last quarter.

U.S. Silica Holdings Inc Added to US Focus List by Credit Suisse Sand Replacing Land Rigs