Citigroup Raises U.S. Silica (NYSE:SLCA) Price Target to $15.50

U.S. Silica (NYSE:SLCA) had its target price upped by Citigroup from $13.50 to $15.50 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the mining company’s stock.

U.S. Silica Stock Up 0.2 %

NYSE:SLCA opened at $15.46 on Wednesday. The company has a current ratio of 3.62, a quick ratio of 2.74 and a debt-to-equity ratio of 0.92. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 10.52 and a beta of 2.15. The stock has a 50-day moving average price of $12.54 and a two-hundred day moving average price of $11.69. U.S. Silica has a 1 year low of $10.09 and a 1 year high of $16.03.

U.S. Silica (NYSE:SLCA) last posted its quarterly earnings data on Friday, April 26th. The mining company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $325.90 million during the quarter, compared to analysts’ expectations of $336.59 million. U.S. Silica had a return on equity of 13.77% and a net margin of 8.08%. U.S. Silica’s revenue for the quarter was down 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities analysts expect that U.S. Silica will post 1.13 earnings per share for the current year.

Insider Activity at U.S. Silica

In related news, EVP Stacy Russell sold 20,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $12.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now directly owns 186,752 shares of the company’s stock, valued at $2,241,024. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Silica news, EVP Stacy Russell sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $12.00, for a total value of $240,000.00. Following the sale, the executive vice president now owns 186,752 shares in the company, valued at $2,241,024. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Derek Ussery sold 46,433 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the transaction, the executive vice president now owns 174,772 shares in the company, valued at approximately $2,446,808. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,038 shares of company stock valued at $1,552,570. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On U.S. Silica

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in U.S. Silica during the 4th quarter worth $41,000. C M Bidwell & Associates Ltd. bought a new position in U.S. Silica during the 3rd quarter worth $109,000. Perfromance Wealth Partners LLC bought a new position in U.S. Silica during the 3rd quarter worth $140,000. Callahan Advisors LLC bought a new position in U.S. Silica during the 4th quarter worth $124,000. Finally, Cutter & CO Brokerage Inc. bought a new position in U.S. Silica during the 1st quarter worth $148,000. Institutional investors own 87.77% of the company’s stock.

U.S. Silica Company Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.