U.S. Silica (SLCA) Given a $17.00 Price Target at B. Riley
SLCA has been the topic of a number of other research reports. Johnson Rice lowered U.S. Silica from a buy rating to an accumulate rating and set a $30.00 target price on the stock. in a research note on Monday, August 20th. Royal Bank of Canada lowered U.S. Silica from an outperform rating to a sector perform rating and set a $24.00 target price on the stock. in a research note on Thursday, September 20th. Stifel Nicolaus began coverage on U.S. Silica in a research note on Monday, September 10th. They issued a buy rating and a $26.00 target price on the stock. Barclays cut their price target on U.S. Silica from $30.00 to $20.00 and set a buy rating for the company in a report on Wednesday, October 24th. Finally, Citigroup cut their price target on U.S. Silica from $28.00 to $24.00 and set a neutral rating for the company in a report on Friday, September 14th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $25.58.
SLCA stock traded down $0.27 on Friday, reaching $14.20. The company had a trading volume of 3,481,119 shares, compared to its average volume of 3,677,806. U.S. Silica has a 1 year low of $12.89 and a 1 year high of $38.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.75. The firm has a market cap of $1.12 billion, a P/E ratio of 6.81, a PEG ratio of 0.65 and a beta of 2.07.
In other news, CEO Bryan Adair Shinn acquired 2,200 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was acquired at an average cost of $18.45 per share, for a total transaction of $40,590.00. Following the acquisition, the chief executive officer now directly owns 126,243 shares in the company, valued at approximately $2,329,183.35. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael L. Winkler acquired 2,000 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $13.98 per share, with a total value of $27,960.00. Following the completion of the acquisition, the chief operating officer now owns 47,290 shares in the company, valued at $661,114.20. The disclosure for this purchase can be found here. Insiders acquired a total of 11,614 shares of company stock valued at $206,525 over the last quarter. 1.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in SLCA. Guggenheim Capital LLC increased its holdings in shares of U.S. Silica by 60.0% during the 1st quarter. Guggenheim Capital LLC now owns 46,851 shares of the mining company’s stock worth $1,196,000 after buying an additional 17,577 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of U.S. Silica by 7.3% during the 1st quarter. Legal & General Group Plc now owns 177,803 shares of the mining company’s stock worth $4,531,000 after buying an additional 12,079 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of U.S. Silica by 17.0% during the 1st quarter. Royal Bank of Canada now owns 99,414 shares of the mining company’s stock worth $2,537,000 after buying an additional 14,476 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of U.S. Silica during the 1st quarter worth $204,000. Finally, Principal Financial Group Inc. increased its holdings in shares of U.S. Silica by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 625,954 shares of the mining company’s stock worth $15,974,000 after buying an additional 6,714 shares during the last quarter.
About U.S. Silica
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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