U.S. Silica (NYSE:SLCA) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCA) in a research report sent to investors on Monday morning. The firm 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

SLCA stock opened at $15.57 on Monday. 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 business’s fifty day simple moving average is $13.08 and its two-hundred day simple moving average is $11.79. U.S. Silica has a twelve month low of $10.09 and a twelve month high of $16.03. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.59 and a beta of 2.16.

U.S. Silica (NYSE:SLCA) last released its earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $336.59 million. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s revenue was down 26.3% compared to the same quarter last year. Analysts predict that U.S. Silica will post 1.04 earnings per share for the current year.

Insider Transactions at U.S. Silica

In other news, EVP Zach Carusona sold 42,605 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $15.55, for a total transaction of $662,507.75. Following the transaction, the executive vice president now owns 160,929 shares of the company’s stock, valued at approximately $2,502,445.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Stacy Russell sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $12.00, for a total transaction of $240,000.00. Following the sale, the executive vice president now owns 186,752 shares of the company’s stock, valued at $2,241,024. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Zach Carusona sold 42,605 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $15.55, for a total value of $662,507.75. Following the sale, the executive vice president now directly owns 160,929 shares in the company, valued at approximately $2,502,445.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,038 shares of company stock valued at $1,552,570. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Silica

Institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its stake in U.S. Silica by 3.5% in the third quarter. TD Asset Management Inc now owns 26,500 shares of the mining company’s stock valued at $372,000 after buying an additional 900 shares during the last quarter. GAMMA Investing LLC raised its position in U.S. Silica by 25.8% during the first quarter. GAMMA Investing LLC now owns 4,773 shares of the mining company’s stock valued at $59,000 after acquiring an additional 978 shares in the last quarter. ProShare Advisors LLC raised its position in U.S. Silica by 7.4% during the first quarter. ProShare Advisors LLC now owns 15,237 shares of the mining company’s stock valued at $189,000 after acquiring an additional 1,052 shares in the last quarter. Graham Capital Management L.P. raised its position in U.S. Silica by 6.8% during the third quarter. Graham Capital Management L.P. now owns 16,909 shares of the mining company’s stock valued at $237,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in U.S. Silica by 2.1% during the third quarter. Los Angeles Capital Management LLC now owns 59,533 shares of the mining company’s stock valued at $836,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors 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.