U.S. Silica (SLCA) Cut to Sector Perform at Royal Bank of Canada

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Royal Bank of Canada lowered shares of U.S. Silica (NYSE:SLCA) from an outperform rating to a sector perform rating in a report issued on Thursday, September 20th, Marketbeat Ratings reports. They currently have $24.00 price objective on the mining company’s stock.

Several other research firms have also issued reports on SLCA. ValuEngine lowered U.S. Silica from a sell rating to a strong sell rating in a research report on Saturday, June 2nd. Credit Suisse Group boosted their target price on U.S. Silica from $36.00 to $38.00 and gave the stock an outperform rating in a research report on Wednesday, August 1st. Wells Fargo & Co lowered U.S. Silica from an outperform rating to a market perform rating and set a $32.00 price objective for the company. in a research report on Friday, June 29th. Morgan Stanley lowered U.S. Silica from an overweight rating to an equal weight rating and set a $43.00 price objective for the company. in a research report on Thursday, July 12th. Finally, Guggenheim lowered U.S. Silica from a buy rating to a neutral rating in a research report on Friday, July 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $32.74.

NYSE:SLCA traded up $0.15 on Thursday, hitting $18.38. 1,987,828 shares of the stock were exchanged, compared to its average volume of 2,293,245. The stock has a market capitalization of $1.46 billion, a P/E ratio of 12.25 and a beta of 2.16. U.S. Silica has a 52 week low of $17.91 and a 52 week high of $38.70. The company has a current ratio of 2.88, a quick ratio of 2.27 and a debt-to-equity ratio of 0.99.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.03). The firm had revenue of $427.40 million for the quarter, compared to the consensus estimate of $455.35 million. U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, equities analysts predict that U.S. Silica will post 2.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, September 13th. U.S. Silica’s dividend payout ratio is currently 16.67%.

In other U.S. Silica news, EVP Bradford B. Casper purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average price of $18.96 per share, for a total transaction of $28,440.00. Following the purchase, the executive vice president now owns 18,552 shares in the company, valued at $351,745.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Michael Stice purchased 5,414 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was acquired at an average price of $18.49 per share, for a total transaction of $100,104.86. Following the purchase, the director now owns 32,556 shares in the company, valued at approximately $601,960.44. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 9,614 shares of company stock worth $178,565. Company insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd bought a new position in U.S. Silica during the 1st quarter worth $138,000. Cypress Capital Management LLC WY acquired a new stake in shares of U.S. Silica during the 2nd quarter worth $183,000. Private Advisor Group LLC acquired a new stake in shares of U.S. Silica during the 2nd quarter worth $200,000. WINTON GROUP Ltd acquired a new stake in shares of U.S. Silica during the 1st quarter worth $204,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of U.S. Silica by 288.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the mining company’s stock worth $213,000 after purchasing an additional 6,191 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.

U.S. Silica Company Profile

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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Analyst Recommendations for U.S. Silica (NYSE:SLCA)

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