U.S. Silica (NYSE:SLCA) PT Raised to $15.00 at Morgan Stanley

U.S. Silica (NYSE:SLCA) had its target price boosted by stock analysts at Morgan Stanley from $14.00 to $15.00 in a research note issued on Friday, BenzingaRatingsTable reports. The brokerage currently has an “underweight” rating on the mining company’s stock. Morgan Stanley’s price objective points to a potential upside of 12.87% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Bank of America set a $54.00 price target on Fortis and gave the company a “buy” rating in a research note on Thursday, May 2nd. Cowen reissued a “hold” rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Citigroup reissued a “buy” rating and issued a $25.00 price target on shares of Propetro in a research note on Tuesday, July 2nd. ValuEngine cut 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 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, five have given 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.

U.S. Silica stock opened at $13.29 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $962.08 million, a P/E ratio of 8.41 and a beta of 2.57. U.S. Silica has a 12 month low of $9.30 and a 12 month high of $27.87. The company has a 50-day moving average price of $11.47.



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

In other news, Director Charles W. Shaver acquired 10,000 shares of U.S. Silica stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of $13.06 per share, with a total value of $130,600.00. Following the completion of the purchase, the director now owns 19,909 shares of the company’s stock, valued at approximately $260,011.54. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SLCA. BlackRock Inc. grew its stake in U.S. Silica by 10.0% in the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock valued at $116,833,000 after acquiring an additional 1,045,341 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of U.S. Silica by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,616,371 shares of the mining company’s stock valued at $46,997,000 after purchasing an additional 699,673 shares in the last quarter. Norges Bank bought a new position in shares of U.S. Silica in the fourth quarter valued at approximately $5,896,000. Deutsche Bank AG lifted its holdings in shares of U.S. Silica by 78.4% in the fourth quarter. Deutsche Bank AG now owns 1,065,752 shares of the mining company’s stock valued at $10,848,000 after purchasing an additional 468,259 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of U.S. Silica in the second quarter valued at approximately $5,383,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

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, 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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