U.S. Silica Holdings Inc (NYSE:SLCA) – Equities research analysts at Seaport Global Securities issued their Q1 2020 earnings estimates for shares of U.S. Silica in a report released on Thursday, October 18th, according to Zacks Investment Research. Seaport Global Securities analyst M. Urban anticipates that the mining company will post earnings per share of $0.32 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $16.00 target price on the stock. Seaport Global Securities also issued estimates for U.S. Silica’s FY2020 earnings at $2.00 EPS.
Other equities analysts have also recently issued research reports about the company. Wells Fargo & Co started coverage on U.S. Silica in a report on Saturday, September 15th. They set a “buy” rating and a $24.00 price objective for the company. Credit Suisse Group upped their price objective on U.S. Silica from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Stifel Nicolaus reduced their target price on U.S. Silica from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th. Royal Bank of Canada cut their price objective on U.S. Silica to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, October 24th. Finally, Barclays set a $40.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.58.
SLCA traded down $0.27 on Friday, hitting $14.20. 3,481,119 shares of the company’s stock traded hands, compared to its average volume of 3,677,806. The company has a market capitalization of $1.12 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.65 and a beta of 2.07. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98. U.S. Silica has a one year low of $12.89 and a one year high of $38.70.
U.S. Silica (NYSE:SLCA) last announced its earnings results on Tuesday, October 23rd. The mining company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.15). The firm had revenue of $423.17 million during the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share.
In other U.S. Silica news, COO Michael L. Winkler purchased 2,000 shares of U.S. Silica stock in a transaction on Friday, October 26th. The shares were bought at an average price of $13.98 per share, with a total value of $27,960.00. Following the purchase, the chief operating officer now directly owns 47,290 shares in the company, valued at approximately $661,114.20. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J Michael Stice purchased 5,414 shares of U.S. Silica stock in a transaction on Friday, September 28th. The shares were acquired at an average cost of $18.49 per share, for a total transaction of $100,104.86. Following the purchase, the director now owns 32,556 shares in the company, valued at $601,960.44. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,614 shares of company stock worth $206,525. 1.40% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in SLCA. Commonwealth Equity Services LLC increased its holdings in 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 valued at $495,000 after purchasing an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in U.S. Silica by 11.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 26,100 shares of the mining company’s stock valued at $671,000 after purchasing an additional 2,600 shares in the last quarter. US Bancorp DE increased its holdings in U.S. Silica by 11.7% in the 2nd quarter. US Bancorp DE now owns 26,363 shares of the mining company’s stock valued at $677,000 after purchasing an additional 2,769 shares in the last quarter. Bruni J V & Co. Co. increased its holdings in U.S. Silica by 0.8% in the 2nd quarter. Bruni J V & Co. Co. now owns 421,847 shares of the mining company’s stock valued at $10,837,000 after purchasing an additional 3,367 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in U.S. Silica by 11.8% in the 2nd quarter. Raymond James & Associates now owns 32,917 shares of the mining company’s stock valued at $846,000 after purchasing an additional 3,475 shares in the last quarter.
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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