U.S. Silica (NYSE:SLCA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCA) in a report published on Sunday morning. The brokerage issued a hold rating on the mining company’s stock.

Separately, Citigroup increased their price target on U.S. Silica from $13.50 to $15.50 and gave the stock a neutral rating in a research report on Wednesday, May 1st.

U.S. Silica Stock Performance

NYSE SLCA opened at $15.24 on Friday. The business’s 50-day moving average price is $15.00 and its 200 day moving average price is $12.68. The company has a market capitalization of $1.19 billion, a PE ratio of 10.37 and a beta of 2.03. The company has a current ratio of 3.62, a quick ratio of 2.74 and a debt-to-equity ratio of 0.92. U.S. Silica has a twelve month low of $10.09 and a twelve month high of $16.03.

U.S. Silica (NYSE:SLCA) last posted its earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. U.S. Silica had a return on equity of 13.77% and a net margin of 8.08%. The business had revenue of $325.90 million during the quarter, compared to analyst estimates of $336.59 million. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 26.3% compared to the same quarter last year. On average, research analysts predict that U.S. Silica will post 1.02 earnings per share for the current year.

Insider Activity at U.S. Silica

In related news, EVP James Derek Ussery sold 46,433 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total value of $650,062.00. Following the completion of the sale, the executive vice president now owns 174,772 shares in the company, valued at approximately $2,446,808. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other U.S. Silica news, EVP Zach Carusona sold 42,605 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $15.55, for a total value of $662,507.75. Following the transaction, the executive vice president now owns 160,929 shares in the company, valued at approximately $2,502,445.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James Derek Ussery sold 46,433 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total transaction of $650,062.00. Following the completion of the transaction, the executive vice president now owns 174,772 shares in the company, valued at approximately $2,446,808. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in shares of U.S. Silica during the 4th quarter worth $41,000. Callahan Advisors LLC acquired a new position in U.S. Silica in the 4th quarter valued at $124,000. Cutter & CO Brokerage Inc. acquired a new position in U.S. Silica in the 1st quarter valued at $148,000. Bayesian Capital Management LP acquired a new position in U.S. Silica in the 1st quarter valued at $159,000. Finally, Victory Capital Management Inc. grew its stake in U.S. Silica by 26.3% in the 4th quarter. Victory Capital Management Inc. now owns 16,235 shares of the mining company’s stock valued at $184,000 after buying an additional 3,378 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

U.S. Silica Company Profile

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.