Equities researchers at StockNews.com started coverage on shares of U.S. Silica (NYSE:SLCA – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set 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 note on Wednesday, May 1st.
Get Our Latest Research Report on SLCA
U.S. Silica Price Performance
Shares of SLCA stock remained flat at $15.44 on Tuesday. The company had a trading volume of 1,205,014 shares, compared to its average volume of 1,299,902. The stock’s fifty day moving average is $15.46 and its two-hundred day moving average is $13.04. U.S. Silica has a twelve month low of $10.09 and a twelve month high of $16.03. The company has a market cap of $1.21 billion, a P/E ratio of 10.50 and a beta of 1.99. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92.
U.S. Silica (NYSE:SLCA – Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $336.59 million. During the same quarter last year, the business posted $0.64 EPS. The business’s revenue was down 26.3% on a year-over-year basis. As a group, equities research analysts expect that U.S. Silica will post 1.02 EPS for the current year.
Insiders Place Their Bets
In related news, EVP Zach Carusona sold 42,605 shares of the company’s 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 directly owns 160,929 shares of the company’s stock, valued at $2,502,445.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On U.S. Silica
A number of hedge funds have recently modified their holdings of SLCA. GAMMA Investing LLC bought a new position in U.S. Silica during the fourth quarter valued at approximately $41,000. Callahan Advisors LLC bought a new position in shares of U.S. Silica during the 4th quarter valued at $124,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of U.S. Silica in the 1st quarter valued at $148,000. Bayesian Capital Management LP acquired a new stake in shares of U.S. Silica in the 1st quarter valued at $159,000. Finally, Victory Capital Management Inc. increased its position in U.S. Silica by 26.3% during the fourth quarter. Victory Capital Management Inc. now owns 16,235 shares of the mining company’s stock worth $184,000 after buying an additional 3,378 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.
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.
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