StockNews.com Initiates Coverage on U.S. Silica (NYSE:SLCA)

StockNews.com assumed coverage on shares of U.S. Silica (NYSE:SLCA) in a research report report published on Thursday morning. The firm issued a hold rating on the mining company’s stock.

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

U.S. Silica Stock Down 0.1 %

Shares of SLCA opened at $15.49 on Thursday. U.S. Silica has a 52 week low of $10.09 and a 52 week high of $16.03. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.54 and a beta of 1.99. The stock’s 50-day moving average price is $15.45 and its 200-day moving average price is $13.42.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $325.90 million for the quarter, compared to the consensus estimate of $336.59 million. U.S. Silica had a return on equity of 13.77% and a net margin of 8.08%. U.S. Silica’s revenue for the quarter was down 26.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, sell-side analysts predict that U.S. Silica will post 1.02 EPS for the current year.

Hedge Funds Weigh In On U.S. Silica

A number of hedge funds have recently made changes to their positions in SLCA. GAMMA Investing LLC acquired a new position in shares of U.S. Silica during the fourth quarter valued at approximately $41,000. Callahan Advisors LLC acquired a new stake in shares of U.S. Silica in the fourth quarter valued at approximately $124,000. SG Americas Securities LLC acquired a new stake in shares of U.S. Silica in the second quarter valued at approximately $147,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of U.S. Silica in the first quarter valued at approximately $148,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of U.S. Silica in the first quarter valued at approximately $159,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

U.S. Silica Company Profile

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.