U.S. Silica (NYSE:SLCA) Upgraded to “Buy” by StockNews.com

U.S. Silica (NYSE:SLCAGet Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

SLCA has been the topic of a number of other research reports. TheStreet raised shares of U.S. Silica from a “d+” rating to a “c” rating in a research note on Monday, October 24th. Morgan Stanley dropped their price target on shares of U.S. Silica from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday.

U.S. Silica Price Performance

Shares of NYSE SLCA opened at $11.36 on Friday. The firm’s 50 day simple moving average is $12.81 and its 200-day simple moving average is $12.65. U.S. Silica has a 12 month low of $8.91 and a 12 month high of $21.54. The stock has a market capitalization of $860.05 million, a price-to-earnings ratio of 33.41 and a beta of 2.66. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.39 and a quick ratio of 1.88.

U.S. Silica (NYSE:SLCAGet Rating) last released its quarterly earnings results on Friday, October 28th. The mining company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. U.S. Silica had a net margin of 1.97% and a return on equity of 6.40%. The firm had revenue of $418.81 million for the quarter, compared to analysts’ expectations of $415.17 million. Analysts expect that U.S. Silica will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other U.S. Silica news, CFO Donald A. Merril sold 35,879 shares of U.S. Silica stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $14.44, for a total transaction of $518,092.76. Following the sale, the chief financial officer now owns 200,197 shares of the company’s stock, valued at approximately $2,890,844.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Diane K. Duren sold 16,089 shares of U.S. Silica stock in a transaction on Friday, December 16th. The stock was sold at an average price of $11.43, for a total transaction of $183,897.27. Following the transaction, the director now owns 81,273 shares in the company, valued at approximately $928,950.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Donald A. Merril sold 35,879 shares of U.S. Silica stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $14.44, for a total value of $518,092.76. Following the transaction, the chief financial officer now owns 200,197 shares in the company, valued at approximately $2,890,844.68. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SLCA. Millennium Management LLC raised its holdings in shares of U.S. Silica by 214.1% during the 2nd quarter. Millennium Management LLC now owns 1,109,860 shares of the mining company’s stock worth $12,675,000 after acquiring an additional 756,500 shares during the period. One Fin Capital Management LP purchased a new position in shares of U.S. Silica during the 1st quarter worth $13,347,000. Great Lakes Advisors LLC purchased a new position in shares of U.S. Silica during the 3rd quarter worth $6,396,000. Invesco Ltd. raised its holdings in shares of U.S. Silica by 52.4% during the 1st quarter. Invesco Ltd. now owns 1,478,513 shares of the mining company’s stock worth $27,589,000 after acquiring an additional 508,648 shares during the period. Finally, Vanguard Group Inc. raised its holdings in U.S. Silica by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,443,977 shares of the mining company’s stock valued at $70,562,000 after buying an additional 422,719 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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 fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for the manufacturing of glass products.

Further Reading

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