U.S. Silica (NYSE:SLCA) Price Target Raised to $15.00

U.S. Silica (NYSE:SLCA) had its price objective increased by Morgan Stanley from $14.00 to $15.00 in a research note published on Friday, BenzingaRatingsTable reports. Morgan Stanley currently has an underweight rating on the mining company’s stock.

SLCA has been the subject of several other research reports. Cowen reaffirmed a hold rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Bank of America set a $54.00 price target on shares of Fortis and gave the company a buy rating in a research note on Thursday, May 2nd. Citigroup reaffirmed a buy rating and set a $25.00 price target on shares of Propetro in a research note on Tuesday, July 2nd. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, Seaport Global Securities set a $21.00 price target on shares of U.S. Silica and gave the company a buy rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $22.29.

Shares of NYSE SLCA opened at $12.84 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $975.27 million, a P/E ratio of 8.13 and a beta of 2.57. U.S. Silica has a 1 year low of $9.30 and a 1 year high of $27.87. The stock has a 50-day moving average price of $11.61.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Wednesday, May 1st. The mining company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. U.S. Silica had a negative net margin of 15.85% and a positive return on equity of 9.28%. The business had revenue of $378.75 million during the quarter, compared to the consensus estimate of $354.83 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that U.S. Silica will post -0.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, June 13th. U.S. Silica’s payout ratio is 15.82%.

In other U.S. Silica news, Director Charles W. Shaver acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $13.06 per share, with a total value of $130,600.00. Following the completion of the acquisition, the director now directly owns 19,909 shares in the company, valued at approximately $260,011.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLCA. Nisa Investment Advisors LLC raised its position in shares of U.S. Silica by 348.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,500 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of U.S. Silica during the 2nd quarter worth about $5,383,000. First Trust Advisors LP raised its position in shares of U.S. Silica by 46.4% during the 1st quarter. First Trust Advisors LP now owns 209,978 shares of the mining company’s stock worth $3,645,000 after purchasing an additional 66,514 shares during the last quarter. FMR LLC raised its position in shares of U.S. Silica by 624.3% during the 1st quarter. FMR LLC now owns 4,230 shares of the mining company’s stock worth $73,000 after purchasing an additional 3,646 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of U.S. Silica by 14.3% during the 1st quarter. Clearbridge Investments LLC now owns 825,383 shares of the mining company’s stock worth $14,329,000 after purchasing an additional 103,540 shares during the last quarter. 99.25% of the stock is currently owned by institutional investors and hedge funds.

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, 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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