U.S. Silica (SLCA) Given a $17.00 Price Target at B. Riley

B. Riley set a $17.00 target price on U.S. Silica (NYSE:SLCA) in a research note issued to investors on Friday. The firm currently has a buy rating on the mining company’s stock.

A number of other analysts also recently issued reports on SLCA. Barclays decreased their price target on U.S. Silica from $30.00 to $20.00 and set a buy rating for the company in a report on Wednesday, October 24th. Johnson Rice set a $17.00 price target on U.S. Silica and gave the stock a buy rating in a report on Thursday, October 25th. Stifel Nicolaus set a $17.00 price target on U.S. Silica and gave the stock a buy rating in a report on Wednesday, October 24th. Royal Bank of Canada decreased their price target on U.S. Silica to $18.00 and set a market perform rating for the company in a report on Wednesday, October 24th. Finally, Credit Suisse Group decreased their price target on U.S. Silica from $21.00 to $18.00 and set a buy rating for the company in a report on Wednesday, October 24th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $25.58.

NYSE:SLCA traded down $0.27 during midday trading on Friday, reaching $14.20. The company had a trading volume of 3,481,119 shares, compared to its average volume of 3,677,806. The firm has a market cap 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. U.S. Silica has a 12-month low of $12.89 and a 12-month high of $38.70. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98.

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 Zacks’ consensus estimate of $0.59 by ($0.15). The company had revenue of $423.17 million during the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. Equities analysts forecast that U.S. Silica will post 1.6 EPS for the current year.

In related news, COO Michael L. Winkler purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average price of $13.98 per share, for a total transaction of $27,960.00. Following the transaction, the chief operating officer now directly owns 47,290 shares of the company’s stock, valued at approximately $661,114.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradford B. Casper purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was bought at an average price of $18.96 per share, for a total transaction of $28,440.00. Following the transaction, the executive vice president now directly owns 18,552 shares in the company, valued at $351,745.92. The disclosure for this purchase can be found here. Insiders have bought 11,614 shares of company stock worth $206,525 in the last quarter. Insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. increased its position in U.S. Silica by 14.8% in the 2nd quarter. Macquarie Group Ltd. now owns 933,066 shares of the mining company’s stock valued at $23,970,000 after acquiring an additional 120,296 shares during the period. Royal Bank of Canada increased its position in U.S. Silica by 17.0% in the 1st quarter. Royal Bank of Canada now owns 99,414 shares of the mining company’s stock valued at $2,537,000 after acquiring an additional 14,476 shares during the period. Schwab Charles Investment Management Inc. increased its position in U.S. Silica by 7.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 516,202 shares of the mining company’s stock valued at $13,262,000 after acquiring an additional 35,120 shares during the period. Global Alpha Capital Management Ltd. increased its position in U.S. Silica by 33.1% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 243,200 shares of the mining company’s stock valued at $6,248,000 after acquiring an additional 60,500 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new position in U.S. Silica during the 2nd quarter worth approximately $8,275,000.

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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