U.S. Silica (SLCA) Receives New Coverage from Analysts at B. Riley

B. Riley started coverage on shares of U.S. Silica (NYSE:SLCA) in a research report sent to investors on Wednesday morning. The firm issued a buy rating and a $40.00 target price on the mining company’s stock.

A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of U.S. Silica from a hold rating to a sell rating in a research note on Friday, August 11th. Piper Jaffray Companies reaffirmed a buy rating and issued a $40.50 target price on shares of U.S. Silica in a report on Friday, November 10th. Jefferies Group set a $43.00 target price on shares of U.S. Silica and gave the stock a buy rating in a report on Monday, November 13th. ValuEngine raised shares of U.S. Silica from a sell rating to a hold rating in a report on Friday, December 1st. Finally, Wolfe Research lowered shares of U.S. Silica from a market perform rating to an underperform rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $47.65.

U.S. Silica (SLCA) traded down $1.15 during trading hours on Wednesday, reaching $31.80. 2,685,200 shares of the company traded hands, compared to its average volume of 2,501,016. The firm has a market cap of $2,676.47, a PE ratio of 36.21 and a beta of 2.32. U.S. Silica has a 1 year low of $24.26 and a 1 year high of $61.49. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39.

U.S. Silica (NYSE:SLCA) last released its earnings results on Monday, November 6th. The mining company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $345.00 million during the quarter, compared to analysts’ expectations of $328.91 million. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. The business’s quarterly revenue was up 150.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) EPS. research analysts forecast that U.S. Silica will post 1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be paid a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, December 14th. U.S. Silica’s dividend payout ratio (DPR) is presently 31.25%.

U.S. Silica declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the mining company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Several large investors have recently made changes to their positions in SLCA. Winch Advisory Services LLC raised its holdings in U.S. Silica by 109.0% during the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock worth $146,000 after buying an additional 2,152 shares during the period. Riverhead Capital Management LLC raised its holdings in U.S. Silica by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after buying an additional 1,726 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in U.S. Silica during the 3rd quarter worth approximately $201,000. Everence Capital Management Inc. raised its holdings in U.S. Silica by 20.5% during the 2nd quarter. Everence Capital Management Inc. now owns 6,050 shares of the mining company’s stock worth $215,000 after buying an additional 1,030 shares during the period. Finally, QS Investors LLC raised its holdings in U.S. Silica by 0.3% during the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after buying an additional 18 shares during the period.

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U.S. Silica Company Profile

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

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