U.S. Silica (NYSE:SLCA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCA) in a research note issued to investors on Thursday. 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 research report on Wednesday, May 1st.

U.S. Silica Stock Down 0.1 %

SLCA stock opened at $15.49 on Thursday. U.S. Silica has a fifty-two week low of $10.09 and a fifty-two week high of $16.03. The business’s 50-day moving average is $15.45 and its two-hundred day moving average is $13.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.74 and a current ratio of 3.62. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 10.54 and a beta of 1.99.

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. The business had revenue of $325.90 million during the quarter, compared to analysts’ expectations of $336.59 million. U.S. Silica had a return on equity of 13.77% and a net margin of 8.08%. The business’s quarterly revenue was down 26.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. As a group, analysts forecast that U.S. Silica will post 1.02 earnings per share for the current year.

Institutional Trading of U.S. Silica

Institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in U.S. Silica by 7.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,930 shares of the mining company’s stock valued at $384,000 after buying an additional 2,402 shares in the last quarter. Callahan Advisors LLC purchased a new position in U.S. Silica during the 4th quarter valued at approximately $124,000. Louisiana State Employees Retirement System purchased a new position in U.S. Silica during the 4th quarter valued at approximately $437,000. Everence Capital Management Inc. purchased a new position in U.S. Silica during the 4th quarter valued at approximately $215,000. Finally, KLCM Advisors Inc. purchased a new position in U.S. Silica during the 4th quarter valued at approximately $444,000. Hedge funds and other 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.