U.S. Silica (SLCA) Shares Up 5%

U.S. Silica Holdings Inc (NYSE:SLCA) shares shot up 5% during trading on Tuesday . The company traded as high as $12.71 and last traded at $12.70. 1,743,291 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 1,602,288 shares. The stock had previously closed at $12.09.

A number of research firms have recently commented on SLCA. ValuEngine cut U.S. Silica from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Piper Jaffray Companies raised their target price on U.S. Silica to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, February 20th. Bank of America set a $15.00 target price on U.S. Silica and gave the company a “sell” rating in a research note on Thursday, May 2nd. Cowen restated an “outperform” rating and issued a $20.00 target price (down previously from $22.00) on shares of U.S. Silica in a research note on Thursday, May 2nd. Finally, B. Riley set a $19.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Friday, February 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.53.

The company has a debt-to-equity ratio of 1.35, a current ratio of 1.77 and a quick ratio of 1.33. The stock has a market cap of $897.35 million, a price-to-earnings ratio of 8.04 and a beta of 2.34.

U.S. Silica (NYSE:SLCA) last posted its quarterly earnings data on Wednesday, May 1st. The mining company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. U.S. Silica had a positive return on equity of 9.28% and a negative net margin of 15.85%. The company had revenue of $378.75 million during the quarter, compared to analyst estimates of $354.83 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts predict that U.S. Silica Holdings Inc will post -0.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, June 13th. U.S. Silica’s dividend payout ratio (DPR) is presently 15.82%.

In related news, Director Charles W. Shaver acquired 10,000 shares of U.S. Silica stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average price of $13.06 per share, with a total value of $130,600.00. Following the transaction, the director now directly owns 19,909 shares in the company, valued at $260,011.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of SLCA. First Mercantile Trust Co. bought a new stake in shares of U.S. Silica in the 4th quarter worth $25,000. Parallel Advisors LLC increased its holdings in shares of U.S. Silica by 146.2% in the 1st quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after purchasing an additional 864 shares in the last quarter. Investors Research Corp bought a new stake in shares of U.S. Silica in the 1st quarter worth $26,000. Avestar Capital LLC bought a new stake in shares of U.S. Silica in the 1st quarter worth $27,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of U.S. Silica in the 4th quarter worth $29,000.

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U.S. Silica Company Profile (NYSE:SLCA)

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, 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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