U.S. Silica (NYSE:SLCA) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of U.S. Silica (NYSE:SLCA) in a research note issued on Monday. The firm set a “hold” rating on the mining company’s stock.

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

U.S. Silica Price Performance

Shares of NYSE SLCA opened at $15.48 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.74 and a current ratio of 3.62. U.S. Silica has a fifty-two week low of $10.09 and a fifty-two week high of $16.03. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.53 and a beta of 2.16. The stock’s 50-day simple moving average is $13.00 and its 200-day simple moving average is $11.76.

U.S. Silica (NYSE:SLCA) last issued its earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $336.59 million. During the same quarter last year, the company earned $0.64 EPS. The business’s quarterly revenue was down 26.3% on a year-over-year basis. As a group, equities research analysts forecast that U.S. Silica will post 1.04 EPS for the current fiscal year.

Insider Activity at U.S. Silica

In other U.S. Silica news, EVP Zach Carusona sold 42,605 shares of the business’s 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 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 can be accessed through the SEC website. In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total transaction of $650,062.00. Following the sale, the executive vice president now directly owns 174,772 shares in the company, valued at $2,446,808. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Zach Carusona sold 42,605 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 160,929 shares in the company, valued at $2,502,445.95. The disclosure for this sale can be found here. Insiders have sold a total of 109,038 shares of company stock worth $1,552,570 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of U.S. Silica

A number of institutional investors have recently bought and sold shares of the company. TD Asset Management Inc raised its holdings in shares of U.S. Silica by 3.5% in the third quarter. TD Asset Management Inc now owns 26,500 shares of the mining company’s stock worth $372,000 after acquiring an additional 900 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of U.S. Silica by 25.8% in the first quarter. GAMMA Investing LLC now owns 4,773 shares of the mining company’s stock worth $59,000 after acquiring an additional 978 shares during the last quarter. Graham Capital Management L.P. raised its holdings in shares of U.S. Silica by 6.8% in the third quarter. Graham Capital Management L.P. now owns 16,909 shares of the mining company’s stock worth $237,000 after acquiring an additional 1,078 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of U.S. Silica by 2.1% in the third quarter. Los Angeles Capital Management LLC now owns 59,533 shares of the mining company’s stock worth $836,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of U.S. Silica by 7.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,049 shares of the mining company’s stock worth $267,000 after acquiring an additional 1,291 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.