U.S. Silica (NYSE:SLCA)‘s stock had its “outperform” rating restated by Cowen in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $23.00 price target on the mining company’s stock, up from their prior price target of $17.00. Cowen’s price objective suggests a potential upside of 44.20% from the company’s previous close.
A number of other equities analysts have also weighed in on SLCA. Zacks Investment Research raised U.S. Silica from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Piper Jaffray Companies upped their price objective on U.S. Silica to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays dropped their price objective on U.S. Silica from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Royal Bank of Canada dropped their price objective on U.S. Silica to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, October 24th. Finally, Johnson Rice set a $17.00 price objective on U.S. Silica and gave the stock a “buy” rating in a research note on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.05.
Shares of SLCA opened at $15.95 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.30 and a quick ratio of 2.15. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 7.54 and a beta of 2.38. U.S. Silica has a 52 week low of $9.30 and a 52 week high of $34.34.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, February 19th. The mining company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $357.38 million during the quarter, compared to analysts’ expectations of $372.00 million. U.S. Silica had a positive return on equity of 12.55% and a negative net margin of 12.73%. The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. As a group, research analysts anticipate that U.S. Silica will post 0.14 earnings per share for the current fiscal year.
In related news, Director William Jennings Kacal acquired 5,000 shares of the stock in a transaction dated Thursday, December 13th. The stock was acquired at an average cost of $11.29 per share, with a total value of $56,450.00. Following the purchase, the director now directly owns 78,815 shares of the company’s stock, valued at $889,821.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SLCA. Ceredex Value Advisors LLC purchased a new stake in shares of U.S. Silica in the third quarter worth approximately $31,741,000. Senvest Management LLC raised its holdings in shares of U.S. Silica by 86.5% in the third quarter. Senvest Management LLC now owns 3,317,188 shares of the mining company’s stock worth $62,463,000 after buying an additional 1,538,131 shares during the period. Prescott Group Capital Management L.L.C. raised its holdings in shares of U.S. Silica by 465.7% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,272,869 shares of the mining company’s stock worth $12,958,000 after buying an additional 1,047,869 shares during the period. BlackRock Inc. raised its holdings in shares of U.S. Silica by 10.0% in the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock worth $116,833,000 after buying an additional 1,045,341 shares during the period. Finally, BlueMountain Capital Management LLC raised its holdings in shares of U.S. Silica by 153.3% in the third quarter. BlueMountain Capital Management LLC now owns 1,593,403 shares of the mining company’s stock worth $30,004,000 after buying an additional 964,289 shares during the period.
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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