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 released on Monday. The brokerage issued a hold rating on the mining company’s stock.

Separately, Citigroup boosted their price objective on shares of U.S. Silica from $13.50 to $15.50 and gave the stock a neutral rating in a report on Wednesday, May 1st.

U.S. Silica Trading Up 0.2 %

U.S. Silica stock opened at $15.60 on Monday. U.S. Silica has a 12 month low of $10.09 and a 12 month high of $16.03. The company has a current ratio of 3.62, a quick ratio of 2.74 and a debt-to-equity ratio of 0.92. The business’s fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $11.81. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.61 and a beta of 2.16.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Friday, April 26th. The mining company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $325.90 million for the quarter, compared to the consensus estimate of $336.59 million. U.S. Silica had a net margin of 8.08% and a return on equity of 13.77%. U.S. Silica’s revenue for the quarter was down 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. As a group, equities analysts predict that U.S. Silica will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Stacy Russell sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were 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 approximately $2,241,024. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 directly owns 160,929 shares of the company’s stock, valued at approximately $2,502,445.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stacy Russell sold 20,000 shares of the firm’s 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 transaction, the executive vice president now owns 186,752 shares in the company, valued at $2,241,024. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,038 shares of company stock valued at $1,552,570. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SLCA. First Eagle Investment Management LLC increased its position in shares of U.S. Silica by 43.1% during the 1st quarter. First Eagle Investment Management LLC now owns 516,183 shares of the mining company’s stock valued at $6,406,000 after purchasing an additional 155,400 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in U.S. Silica by 40.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 30,267 shares of the mining company’s stock valued at $361,000 after buying an additional 8,740 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of U.S. Silica by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,237 shares of the mining company’s stock worth $189,000 after acquiring an additional 1,052 shares during the last quarter. Sei Investments Co. grew its position in shares of U.S. Silica by 29.7% during the 1st quarter. Sei Investments Co. now owns 34,006 shares of the mining company’s stock valued at $422,000 after acquiring an additional 7,797 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of U.S. Silica in the 1st quarter worth $1,719,000. 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.