StockNews.com Begins Coverage on U.S. Silica (NYSE:SLCA)

Analysts at StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCAGet Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the mining company’s stock.

Separately, Citigroup lifted their price target on shares of U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st.

Check Out Our Latest Stock Report on SLCA

U.S. Silica Stock Performance

Shares of U.S. Silica stock opened at $15.45 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92. The stock’s fifty day moving average is $14.43 and its two-hundred day moving average is $12.32. U.S. Silica has a 52 week low of $10.09 and a 52 week high of $16.03. The company has a market capitalization of $1.21 billion, a PE ratio of 10.51 and a beta of 2.03.

U.S. Silica (NYSE:SLCAGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. U.S. Silica had a net margin of 8.08% and a return on equity of 13.77%. The firm had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $336.59 million. During the same period in the prior year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was down 26.3% on a year-over-year basis. As a group, analysts expect that U.S. Silica will post 1.02 earnings per share for the current year.

Insider Activity at U.S. Silica

In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total transaction of $650,062.00. Following the transaction, the executive vice president now directly owns 174,772 shares in the company, valued at approximately $2,446,808. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total transaction of $650,062.00. Following the completion of the sale, the executive vice president now owns 174,772 shares in the company, valued at $2,446,808. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stacy Russell sold 20,000 shares of U.S. Silica stock in a transaction on Monday, March 11th. The shares were sold at an average price of $12.00, for a total value of $240,000.00. Following the completion of the transaction, the executive vice president now owns 186,752 shares in the company, valued at $2,241,024. The disclosure for this sale can be found here. Insiders sold 109,038 shares of company stock worth $1,552,570 over the last three months. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On U.S. Silica

A number of large investors have recently added to or reduced their stakes in SLCA. Van ECK Associates Corp grew its position in shares of U.S. Silica by 198.3% in the 1st quarter. Van ECK Associates Corp now owns 4,720,901 shares of the mining company’s stock worth $57,839,000 after buying an additional 3,138,425 shares during the last quarter. Pacer Advisors Inc. grew its holdings in U.S. Silica by 90.4% in the fourth quarter. Pacer Advisors Inc. now owns 3,817,279 shares of the mining company’s stock worth $43,173,000 after purchasing an additional 1,811,951 shares during the last quarter. Boston Partners increased its position in shares of U.S. Silica by 49.3% during the first quarter. Boston Partners now owns 2,027,823 shares of the mining company’s stock worth $26,034,000 after purchasing an additional 669,534 shares in the last quarter. Findell Capital Management LLC purchased a new stake in shares of U.S. Silica during the 4th quarter valued at $5,881,000. Finally, Soviero Asset Management LP acquired a new stake in shares of U.S. Silica in the 4th quarter worth $4,467,000. 87.77% of the stock is currently owned by institutional investors.

U.S. Silica Company Profile

(Get Free Report)

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.

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