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

StockNews.com assumed coverage on shares of U.S. Silica (NYSE:SLCA) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the mining company’s stock.

Separately, Citigroup upped 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.

U.S. Silica Price Performance

Shares of U.S. Silica stock opened at $15.44 on Monday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.50 and a beta of 1.99. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average price of $15.47 and a two-hundred day moving average price of $12.93. U.S. Silica has a 12-month low of $10.09 and a 12-month high of $16.03.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 EPS for the quarter, hitting 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 company had revenue of $325.90 million during the quarter, compared to analyst estimates of $336.59 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was down 26.3% compared to the same quarter last year. Equities analysts expect that U.S. Silica will post 1.02 earnings per share for the current year.

Insiders Place Their Bets

In other U.S. Silica 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of U.S. Silica

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in U.S. Silica in the fourth quarter valued at about $41,000. Callahan Advisors LLC bought a new position in U.S. Silica in the fourth quarter valued at about $124,000. Cutter & CO Brokerage Inc. bought a new position in U.S. Silica in the first quarter valued at about $148,000. Bayesian Capital Management LP bought a new position in U.S. Silica in the first quarter valued at about $159,000. Finally, Victory Capital Management Inc. boosted its holdings in U.S. Silica by 26.3% in the fourth quarter. Victory Capital Management Inc. now owns 16,235 shares of the mining company’s stock valued at $184,000 after acquiring an additional 3,378 shares during the last quarter. 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.