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

Stock analysts at StockNews.com initiated coverage on shares of U.S. Silica (NYSE:SLCA) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the mining company’s stock.

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

U.S. Silica Trading Up 0.0 %

Shares of SLCA stock traded up $0.01 during trading hours on Monday, hitting $15.52. 890,163 shares of the company were exchanged, compared to its average volume of 1,107,580. The firm has a fifty day moving average of $12.92 and a 200 day moving average of $11.74. 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 has a 1 year low of $10.09 and a 1 year high of $16.03. The firm has a market cap of $1.21 billion, a PE ratio of 10.55 and a beta of 2.16.

U.S. Silica (NYSE:SLCA) last posted its quarterly 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 net margin of 8.08% and a return on equity of 13.77%. The company 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 firm posted $0.64 earnings per share. U.S. Silica’s revenue was down 26.3% on a year-over-year basis. Analysts expect that U.S. Silica will post 1.04 earnings per share for the current year.

Insider Activity

In related news, EVP Stacy Russell sold 20,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $12.00, for a total value of $240,000.00. Following the completion of the sale, the executive vice president now directly owns 186,752 shares in the company, valued at approximately $2,241,024. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Zach Carusona sold 42,605 shares of the business’s stock in a transaction that occurred 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 approximately $2,502,445.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stacy Russell sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $2,241,024. 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. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLCA. GAMMA Investing LLC acquired a new stake in U.S. Silica during the 4th quarter valued at approximately $41,000. C M Bidwell & Associates Ltd. bought a new stake in shares of U.S. Silica in the third quarter worth $109,000. Callahan Advisors LLC acquired a new stake in U.S. Silica in the fourth quarter valued at $124,000. Perfromance Wealth Partners LLC bought a new position in U.S. Silica during the 3rd quarter valued at $140,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in U.S. Silica during the 1st quarter worth $148,000. 87.77% of the stock is owned by institutional investors and hedge funds.

About U.S. Silica

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.