U.S. Silica (NYSE:SLCA) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Jul 9th, 2024

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

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

Read Our Latest Report on SLCA

U.S. Silica Price Performance

Shares of SLCA opened at $15.44 on Tuesday. U.S. Silica has a one year low of $10.09 and a one year high of $16.03. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.50 and a beta of 1.99. The stock’s fifty day moving average is $15.46 and its 200-day moving average is $13.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.74 and a current ratio of 3.62.

U.S. Silica (NYSE:SLCA – Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.77% and a net margin of 8.08%. The company had revenue of $325.90 million for the quarter, compared to the consensus estimate of $336.59 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was down 26.3% compared to the same quarter last year. Equities analysts anticipate that U.S. Silica will post 1.02 EPS for the current year.

Insider Activity

In other U.S. Silica news, EVP Zach Carusona sold 42,605 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $15.55, for a total transaction of $662,507.75. Following the completion of the sale, the executive vice president now directly owns 160,929 shares in the company, valued at $2,502,445.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On U.S. Silica

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in U.S. Silica by 198.3% in the first quarter. Van ECK Associates Corp now owns 4,720,901 shares of the mining company’s stock valued at $57,839,000 after acquiring an additional 3,138,425 shares during the period. Pacer Advisors Inc. boosted its stake in shares of U.S. Silica by 90.4% in the 4th quarter. Pacer Advisors Inc. now owns 3,817,279 shares of the mining company’s stock valued at $43,173,000 after purchasing an additional 1,811,951 shares during the last quarter. Boston Partners grew its position in shares of U.S. Silica by 49.3% during the 1st quarter. Boston Partners now owns 2,027,823 shares of the mining company’s stock worth $26,034,000 after buying an additional 669,534 shares during the period. Findell Capital Management LLC bought a new stake in shares of U.S. Silica during the 4th quarter valued at $5,881,000. Finally, Soviero Asset Management LP bought a new stake in U.S. Silica in the fourth quarter valued at about $4,467,000. Institutional investors own 87.77% of the company’s stock.

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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