StockNews.com Initiates Coverage on U.S. Silica (NYSE:SLCA)

StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCAFree Report) in a report issued on Saturday. The brokerage issued 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 stock a neutral rating in a report on Wednesday, May 1st.

Read Our Latest Research Report on SLCA

U.S. Silica Stock Down 0.1 %

SLCA stock opened at $15.38 on Friday. The company has a market cap of $1.20 billion, a PE ratio of 10.46 and a beta of 2.03. The business has a 50-day simple moving average of $14.88 and a 200 day simple moving average of $12.59. U.S. Silica has a 52 week low of $10.09 and a 52 week high of $16.03. 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:SLCAGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 EPS for the quarter, meeting 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 business had revenue of $325.90 million during the quarter, compared to the consensus estimate of $336.59 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. U.S. Silica’s revenue for the quarter was down 26.3% compared to the same quarter last year. Sell-side analysts anticipate that U.S. Silica will post 1.02 EPS for the current fiscal year.

Insider Transactions at U.S. Silica

In other news, EVP Zach Carusona sold 42,605 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $15.55, for a total transaction of $662,507.75. Following 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 document filed with the SEC, which is accessible through the SEC website. In related news, EVP James Derek Ussery sold 46,433 shares of U.S. Silica stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the transaction, the executive vice president now directly owns 174,772 shares of the company’s stock, valued at $2,446,808. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Zach Carusona sold 42,605 shares of U.S. Silica stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $15.55, for a total value of $662,507.75. Following the completion of the transaction, the executive vice president now directly owns 160,929 shares in the company, valued at $2,502,445.95. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On U.S. Silica

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in U.S. Silica in the fourth quarter valued at approximately $41,000. C M Bidwell & Associates Ltd. acquired a new position in U.S. Silica in the third quarter valued at approximately $109,000. Callahan Advisors LLC acquired a new position in U.S. Silica in the fourth quarter valued at approximately $124,000. Cutter & CO Brokerage Inc. acquired a new position in U.S. Silica in the first quarter valued at approximately $148,000. Finally, Bayesian Capital Management LP acquired a new position in U.S. Silica in the first quarter valued at approximately $159,000. 87.77% of the stock is owned by institutional investors and hedge funds.

About U.S. Silica

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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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