Credit Suisse Group Lowers U.S. Silica (SLCA) Price Target to $18.00

U.S. Silica (NYSE:SLCA) had its price target lowered by Credit Suisse Group from $21.00 to $18.00 in a research note published on Wednesday. The brokerage currently has a buy rating on the mining company’s stock.

Several other brokerages also recently commented on SLCA. Wells Fargo & Co downgraded shares of U.S. Silica from an outperform rating to a market perform rating and set a $32.00 price objective on the stock. in a research report on Friday, June 29th. Morgan Stanley downgraded shares of U.S. Silica from an overweight rating to an equal weight rating and set a $43.00 price objective on the stock. in a research report on Thursday, July 12th. Guggenheim downgraded shares of U.S. Silica from a buy rating to a neutral rating in a research report on Friday, July 6th. Seaport Global Securities reissued a buy rating and set a $46.00 price objective on shares of U.S. Silica in a research report on Thursday, August 2nd. Finally, Barclays set a $40.00 price objective on shares of U.S. Silica and gave the company a buy rating in a research report on Wednesday, August 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $26.05.

Shares of SLCA stock opened at $14.21 on Wednesday. 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 $1.10 billion, a P/E ratio of 6.67 and a beta of 2.15. The company has a current ratio of 2.75, a quick ratio of 2.27 and a debt-to-equity ratio of 0.98.



U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data 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 firm had revenue of $423.17 million for the quarter, compared to analysts’ expectations of $461.37 million. During the same period last year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts forecast that U.S. Silica will post 1.75 EPS for the current year.

In related news, CEO Bryan Adair Shinn bought 2,200 shares of the stock in a transaction on Thursday, September 27th. The shares were acquired at an average price of $18.45 per share, for a total transaction of $40,590.00. Following the purchase, the chief executive officer now owns 126,243 shares of the company’s stock, valued at $2,329,183.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bradford B. Casper bought 1,500 shares of the stock in a transaction on Friday, September 28th. The shares were bought at an average price of $18.96 per share, for a total transaction of $28,440.00. Following the purchase, the executive vice president now directly owns 18,552 shares in the company, valued at approximately $351,745.92. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,614 shares of company stock worth $178,565 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in shares of U.S. Silica by 288.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the mining company’s stock worth $213,000 after purchasing an additional 6,191 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of U.S. Silica by 12.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 19,412 shares of the mining company’s stock worth $495,000 after purchasing an additional 2,152 shares during the period. UBS Group AG lifted its stake in shares of U.S. Silica by 112.1% in the 1st quarter. UBS Group AG now owns 234,923 shares of the mining company’s stock worth $5,995,000 after purchasing an additional 124,148 shares during the period. Guggenheim Capital LLC lifted its stake in shares of U.S. Silica by 60.0% in the 1st quarter. Guggenheim Capital LLC now owns 46,851 shares of the mining company’s stock worth $1,196,000 after purchasing an additional 17,577 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of U.S. Silica by 7.3% in the 1st quarter. Legal & General Group Plc now owns 177,803 shares of the mining company’s stock worth $4,531,000 after purchasing an additional 12,079 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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Analyst Recommendations for U.S. Silica (NYSE:SLCA)

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