U.S. Silica (SLCA) PT Set at $19.00 by B. Riley

B. Riley set a $19.00 price objective on U.S. Silica (NYSE:SLCA) in a research note published on Friday. The brokerage currently has a buy rating on the mining company’s stock. B. Riley also issued estimates for U.S. Silica’s FY2021 earnings at $0.81 EPS.

A number of other research analysts have also weighed in on SLCA. Johnson Rice set a $17.00 target price on shares of U.S. Silica and gave the stock a buy rating in a research report on Thursday, October 25th. OTR Global lowered shares of U.S. Silica from a positive rating to a negative rating in a research report on Friday, December 21st. Royal Bank of Canada set a $60.00 target price on shares of U.S. Silica and gave the stock a buy rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of U.S. Silica from a sell rating to a hold rating in a research report on Monday, December 31st. Finally, Barclays lowered shares of U.S. Silica from an overweight rating to an equal weight rating and cut their target price for the stock from $20.00 to $15.00 in a research report on Tuesday, January 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $25.16.

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SLCA stock opened at $15.24 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.30 and a quick ratio of 2.15. U.S. Silica has a 1 year low of $9.30 and a 1 year high of $34.34. The firm has a market capitalization of $1.11 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 14.78 and a beta of 2.38.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings data on Tuesday, February 19th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.04. The business had revenue of $357.38 million during the quarter, compared to analyst estimates of $372.00 million. U.S. Silica had a negative net margin of 12.73% and a positive return on equity of 12.55%. U.S. Silica’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. Equities analysts forecast that U.S. Silica will post 0.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.063 per share. This is an increase from U.S. Silica’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.65%. U.S. Silica’s payout ratio is presently 15.82%.

In related news, Director William Jennings Kacal acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were bought at an average price of $11.29 per share, for a total transaction of $56,450.00. Following the acquisition, the director now owns 78,815 shares in the company, valued at approximately $889,821.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. bought a new stake in U.S. Silica in the fourth quarter valued at about $25,000. Public Employees Retirement System of Ohio increased its stake in U.S. Silica by 31.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock valued at $33,000 after acquiring an additional 788 shares during the period. FNY Investment Advisers LLC bought a new stake in U.S. Silica in the fourth quarter valued at about $37,000. Gabelli Funds LLC bought a new stake in U.S. Silica in the third quarter valued at about $188,000. Finally, Private Advisor Group LLC bought a new stake in U.S. Silica in the fourth quarter valued at about $102,000.

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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