U.S. Silica (NYSE:SLCA) was downgraded by equities researchers at Citigroup from a “buy” rating to a “hold” rating in a report released on Tuesday, The Fly reports. They presently have a $8.00 target price on the mining company’s stock, down from their previous target price of $14.00. Citigroup‘s target price points to a potential downside of 25.30% from the stock’s previous close.
SLCA has been the subject of a number of other research reports. Morgan Stanley increased their price target on U.S. Silica from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, July 12th. ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, R. F. Lafferty downgraded U.S. Silica from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $8.00 in a report on Tuesday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. U.S. Silica presently has an average rating of “Hold” and an average price target of $19.81.
SLCA traded down $0.28 on Tuesday, reaching $10.71. The company’s stock had a trading volume of 62,311 shares, compared to its average volume of 1,750,232. The stock has a market cap of $779.21 million, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 286.86 and a beta of 2.58. U.S. Silica has a 1 year low of $8.72 and a 1 year high of $21.44. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.79 and a quick ratio of 1.34. The business’s 50 day moving average is $11.28 and its 200 day moving average is $13.24.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, July 30th. The mining company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.19. The firm had revenue of $394.85 million during the quarter, compared to the consensus estimate of $396.72 million. U.S. Silica had a positive return on equity of 6.49% and a negative net margin of 16.92%. U.S. Silica’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share.
A number of large investors have recently added to or reduced their stakes in SLCA. Parallel Advisors LLC lifted its holdings in U.S. Silica by 146.2% during the 1st quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after buying an additional 864 shares during the last quarter. Everence Capital Management Inc. bought a new position in U.S. Silica during the 1st quarter worth approximately $237,000. Raymond James Financial Services Advisors Inc. lifted its holdings in U.S. Silica by 59.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 53,074 shares of the mining company’s stock worth $921,000 after buying an additional 19,805 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in U.S. Silica by 15.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,618 shares of the mining company’s stock worth $722,000 after buying an additional 5,595 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in U.S. Silica by 46.4% during the 1st quarter. First Trust Advisors LP now owns 209,978 shares of the mining company’s stock worth $3,645,000 after buying an additional 66,514 shares during the last quarter. 98.69% of the stock is currently owned by 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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