U.S. Silica (NYSE:SLCA – Get Rating) had its price objective decreased by Morgan Stanley from $18.00 to $15.00 in a report issued on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the mining company's stock.
Other research analysts also recently issued research reports about the company. TheStreet upgraded U.S. Silica from a d+ rating to a c rating in a report on Monday, October 24th. StockNews.com raised U.S. Silica from a hold rating to a buy rating in a research note on Friday, December 30th.
Get U.S. Silica alerts:U.S. Silica Stock Down 0.7 %
SLCA opened at $11.36 on Wednesday. The company has a market cap of $860.07 million, a P/E ratio of 33.41 and a beta of 2.66. The business's 50-day moving average price is $12.81 and its 200-day moving average price is $12.65. The company has a current ratio of 2.39, a quick ratio of 1.88 and a debt-to-equity ratio of 1.63. U.S. Silica has a 12 month low of $8.91 and a 12 month high of $21.54.
U.S. Silica (NYSE:SLCA – Get Rating) last released its quarterly earnings data on Friday, October 28th. The mining company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $418.81 million for the quarter, compared to the consensus estimate of $415.17 million. U.S. Silica had a return on equity of 6.40% and a net margin of 1.97%. On average, equities analysts expect that U.S. Silica will post 1.07 EPS for the current year.Insider Buying and Selling
In other U.S. Silica news, Director Diane K. Duren sold 16,089 shares of U.S. Silica stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $11.43, for a total transaction of $183,897.27. Following the sale, the director now directly owns 81,273 shares of the company's stock, valued at approximately $928,950.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other U.S. Silica news, CFO Donald A. Merril sold 35,879 shares of U.S. Silica stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $14.44, for a total transaction of $518,092.76. Following the sale, the chief financial officer now directly owns 200,197 shares of the company's stock, valued at approximately $2,890,844.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Diane K. Duren sold 16,089 shares of the business's stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $11.43, for a total value of $183,897.27. Following the completion of the sale, the director now directly owns 81,273 shares in the company, valued at $928,950.39. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.
Institutional Trading of U.S. Silica
A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Associates Ltd. purchased a new position in U.S. Silica in the 2nd quarter worth approximately $156,000. Chilton Capital Management LLC purchased a new position in U.S. Silica in the 2nd quarter worth approximately $69,000. Texas Permanent School Fund raised its holdings in U.S. Silica by 3.2% in the 2nd quarter. Texas Permanent School Fund now owns 54,553 shares of the mining company's stock worth $623,000 after acquiring an additional 1,686 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in U.S. Silica in the 2nd quarter worth approximately $145,000. Finally, State of Alaska Department of Revenue raised its stake in U.S. Silica by 10.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 57,092 shares of the mining company's stock valued at $651,000 after buying an additional 5,220 shares during the last quarter. 82.70% of the stock is owned by institutional investors.
U.S. Silica Company Profile
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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 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 the manufacturing of glass products.
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