Johnson Rice Reiterates “$17.00” Price Target for U.S. Silica (SLCA)

Johnson Rice set a $17.00 price target on U.S. Silica (NYSE:SLCA) in a report published on Thursday. The firm currently has a buy rating on the mining company’s stock.

A number of other analysts have also recently commented on the company. Citigroup cut their price objective on U.S. Silica from $22.00 to $15.00 and set a neutral rating for the company in a research report on Wednesday. Stifel Nicolaus set a $17.00 price objective on U.S. Silica and gave the company a buy rating in a research report on Wednesday. Seaport Global Securities set a $16.00 price objective on U.S. Silica and gave the company a buy rating in a research report on Wednesday. Credit Suisse Group cut their price objective on U.S. Silica from $21.00 to $18.00 and set a buy rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada cut their price objective on U.S. Silica to $18.00 and set a market perform rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $26.05.

Shares of SLCA stock opened at $14.21 on Thursday. 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 company has a market cap of $1.10 billion, a P/E ratio of 6.67 and a beta of 2.15. U.S. Silica has a twelve month low of $12.89 and a twelve month high of $38.70.



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

In other news, EVP Bradford B. Casper purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was purchased at an average cost of $18.96 per share, for a total transaction of $28,440.00. Following the completion of the transaction, the executive vice president now owns 18,552 shares of the company’s stock, valued at $351,745.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bryan Adair Shinn purchased 2,200 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were purchased at an average price of $18.45 per share, with a total value of $40,590.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders have purchased 9,614 shares of company stock valued at $178,565 over the last quarter. 1.40% of the stock is owned by company insiders.

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

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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