U.S. Silica (SLCA) Given a $17.00 Price Target at B. Riley

U.S. Silica (NYSE:SLCA) has been given a $17.00 price objective by research analysts at B. Riley in a research report issued on Friday. The brokerage currently has a “buy” rating on the mining company’s stock. B. Riley’s target price points to a potential upside of 19.72% from the company’s current price.

SLCA has been the topic of several other research reports. Johnson Rice cut shares of U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 price target on the stock. in a research report on Monday, August 20th. Royal Bank of Canada cut shares of U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 price target on the stock. in a research report on Thursday, September 20th. Stifel Nicolaus began coverage on shares of U.S. Silica in a research report on Monday, September 10th. They set a “buy” rating and a $26.00 price target on the stock. Barclays reduced their price target on shares of U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Finally, Citigroup reduced their price target on shares of U.S. Silica from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, September 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.58.

Shares of SLCA stock opened at $14.20 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98. U.S. Silica has a one year low of $12.89 and a one year high of $38.70. The stock has a market cap of $1.12 billion, a PE ratio of 6.81, a P/E/G ratio of 0.65 and a beta of 2.07.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.15). U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. The company had revenue of $423.17 million for the quarter, compared to the consensus estimate of $461.37 million. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, analysts anticipate that U.S. Silica will post 1.6 EPS for the current year.

In other news, COO Michael L. Winkler purchased 2,000 shares of the company’s stock in a transaction on Friday, October 26th. The shares were bought at an average price of $13.98 per share, for a total transaction of $27,960.00. Following the completion of the purchase, the chief operating officer now owns 47,290 shares of the company’s stock, valued at $661,114.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Michael Stice purchased 5,414 shares of the company’s stock in a transaction on Friday, September 28th. The stock was purchased at an average price of $18.49 per share, for a total transaction of $100,104.86. Following the purchase, the director now directly owns 32,556 shares of the company’s stock, valued at approximately $601,960.44. The disclosure for this purchase can be found here. Insiders acquired 11,614 shares of company stock worth $206,525 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Trexquant Investment LP acquired a new stake in shares of U.S. Silica in the third quarter valued at approximately $388,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of U.S. Silica in the third quarter valued at approximately $4,237,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of U.S. Silica in the third quarter valued at approximately $1,469,000. PNC Financial Services Group Inc. increased its stake in shares of U.S. Silica by 801.0% in the third quarter. PNC Financial Services Group Inc. now owns 86,488 shares of the mining company’s stock valued at $1,628,000 after purchasing an additional 76,889 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of U.S. Silica by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,059,393 shares of the mining company’s stock valued at $19,948,000 after purchasing an additional 9,735 shares during the period.

About U.S. Silica

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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