U.S. Silica (NYSE:SLCA) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of U.S. Silica (NYSE:SLCA) in a research note issued to investors on Thursday. The firm set a “hold” rating on the mining company’s stock.

Separately, Citigroup raised their price target on U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, May 1st.

U.S. Silica Price Performance

Shares of NYSE:SLCA opened at $15.50 on Thursday. The company has a 50 day moving average of $15.45 and a 200 day moving average of $13.37. 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 P/E ratio of 10.54 and a beta of 1.99. U.S. Silica has a 12 month low of $10.09 and a 12 month high of $16.03.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $325.90 million during the quarter, compared to analyst estimates of $336.59 million. U.S. Silica had a net margin of 8.08% and a return on equity of 13.77%. The business’s revenue for the quarter was down 26.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. As a group, sell-side analysts forecast that U.S. Silica will post 1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SLCA. GAMMA Investing LLC purchased a new position in U.S. Silica in the 4th quarter worth $41,000. Callahan Advisors LLC purchased a new position in shares of U.S. Silica in the fourth quarter worth about $124,000. SG Americas Securities LLC bought a new stake in shares of U.S. Silica in the 2nd quarter valued at about $147,000. Cutter & CO Brokerage Inc. bought a new position in U.S. Silica during the 1st quarter worth approximately $148,000. Finally, Bayesian Capital Management LP purchased a new position in U.S. Silica in the 1st quarter worth approximately $159,000. Institutional investors own 87.77% of the company’s stock.

About U.S. Silica

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.