Jefferies Financial Group cut shares of U.S. Silica (NYSE:SLCA) from a buy rating to a hold rating in a research note published on Wednesday, October 17th, MarketBeat.com reports. Jefferies Financial Group currently has $20.00 price objective on the mining company’s stock. Jefferies Financial Group also issued estimates for U.S. Silica’s Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.34 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.19 EPS, FY2019 earnings at $1.55 EPS and FY2020 earnings at $0.50 EPS.
Several other equities analysts have also issued reports on the stock. Stifel Nicolaus initiated coverage on shares of U.S. Silica in a report on Monday, September 10th. They set a buy rating and a $26.00 target price for the company. Wells Fargo & Co initiated coverage on shares of U.S. Silica in a report on Saturday, September 15th. They issued a buy rating and a $24.00 price objective for the company. Citigroup decreased their price objective on shares of U.S. Silica from $28.00 to $24.00 and set a neutral rating for the company in a report on Friday, September 14th. Credit Suisse Group set a $29.00 price objective on shares of U.S. Silica and gave the stock a buy rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research lowered shares of U.S. Silica from a hold rating to a strong sell rating in a report on Monday, August 20th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $25.58.
SLCA traded down $0.27 on Wednesday, hitting $14.20. The company had a trading volume of 3,481,119 shares, compared to its average volume of 3,677,806. U.S. Silica has a 52-week low of $12.89 and a 52-week high of $38.70. The firm 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 debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15.
U.S. Silica (NYSE:SLCA) last released its earnings results on Tuesday, October 23rd. The mining company reported $0.44 earnings per share (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 business had revenue of $423.17 million for the quarter, compared to analysts’ expectations of $461.37 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. U.S. Silica’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts expect that U.S. Silica will post 1.6 EPS for the current fiscal year.
In other U.S. Silica news, COO Michael L. Winkler acquired 2,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was purchased at an average price of $13.98 per share, with a total value of $27,960.00. Following the transaction, the chief operating officer now directly owns 47,290 shares in the company, valued at approximately $661,114.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bradford B. Casper acquired 1,500 shares of the business’s stock in a transaction dated Friday, September 28th. The shares were acquired at an average cost of $18.96 per share, with a total value of $28,440.00. Following the transaction, the executive vice president now owns 18,552 shares in the company, valued at $351,745.92. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 11,614 shares of company stock valued at $206,525. 1.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of U.S. Silica by 6.1% during the 2nd quarter. BlackRock Inc. now owns 11,068,906 shares of the mining company’s stock valued at $284,360,000 after buying an additional 634,747 shares in the last quarter. LSV Asset Management lifted its stake in shares of U.S. Silica by 1.0% during the 3rd quarter. LSV Asset Management now owns 4,005,884 shares of the mining company’s stock valued at $75,430,000 after buying an additional 40,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of U.S. Silica by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,654,500 shares of the mining company’s stock valued at $93,887,000 after buying an additional 281,567 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of U.S. Silica by 33.4% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,592,753 shares of the mining company’s stock valued at $67,652,000 after buying an additional 898,905 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of U.S. Silica by 1.4% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,336,162 shares of the mining company’s stock valued at $60,016,000 after buying an additional 31,363 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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