Stifel Nicolaus Analysts Give U.S. Silica (SLCA) a $17.00 Price Target

Stifel Nicolaus set a $17.00 price objective on U.S. Silica (NYSE:SLCA) in a research note released on Wednesday. The brokerage currently has a buy rating on the mining company’s stock.

Other analysts have also recently issued reports about the stock. 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 note on Monday, August 20th. Seaport Global Securities reaffirmed a buy rating and issued a $46.00 price objective on shares of U.S. Silica in a research note on Thursday, August 2nd. B. Riley reduced their price objective on shares of U.S. Silica from $36.00 to $26.00 and set a buy rating on the stock in a research note on Thursday, September 6th. Credit Suisse Group set a $29.00 price objective on shares of U.S. Silica and gave the company a buy rating in a research note on Tuesday, August 28th. Finally, R. F. Lafferty reduced their price objective on shares of U.S. Silica from $41.00 to $37.00 and set a buy rating on the stock in a research note on Monday, August 27th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. U.S. Silica currently has an average rating of Hold and an average price target of $26.05.

Shares of SLCA traded up $0.79 during mid-day trading on Wednesday, hitting $14.21. 4,348,904 shares of the company traded hands, compared to its average volume of 3,338,805. U.S. Silica has a one year low of $12.89 and a one year high of $38.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.27. The stock has a market capitalization of $1.04 billion, a P/E ratio of 9.47 and a beta of 2.15.



U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.15). U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The company had revenue of $423.17 million for the quarter, compared to the consensus estimate of $461.37 million. During the same period last year, the company earned $0.53 earnings per share. U.S. Silica’s revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, analysts anticipate that U.S. Silica will post 1.75 EPS for the current year.

In other news, EVP Bradford B. Casper bought 1,500 shares of the business’s stock in a transaction on Friday, September 28th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $28,440.00. Following the completion of the acquisition, the executive vice president now owns 18,552 shares in the company, valued at approximately $351,745.92. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bryan Adair Shinn bought 2,200 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was purchased at an average price of $18.45 per share, for a total transaction of $40,590.00. Following the completion of the acquisition, the chief executive officer now owns 126,243 shares of the company’s stock, valued at approximately $2,329,183.35. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 9,614 shares of company stock worth $178,565. Company insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in U.S. Silica by 6.1% in the second quarter. BlackRock Inc. now owns 11,068,906 shares of the mining company’s stock worth $284,360,000 after purchasing an additional 634,747 shares during the period. LSV Asset Management raised its holdings in U.S. Silica by 4,355.2% in the second quarter. LSV Asset Management now owns 3,965,084 shares of the mining company’s stock worth $101,863,000 after purchasing an additional 3,876,084 shares during the period. Dimensional Fund Advisors LP raised its holdings in U.S. Silica by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,654,500 shares of the mining company’s stock worth $93,887,000 after purchasing an additional 281,567 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in U.S. Silica by 1.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,336,162 shares of the mining company’s stock worth $60,016,000 after purchasing an additional 31,363 shares during the period. Finally, Federated Investors Inc. PA raised its holdings in U.S. Silica by 7.9% in the second quarter. Federated Investors Inc. PA now owns 1,891,901 shares of the mining company’s stock worth $48,603,000 after purchasing an additional 138,716 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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