Equities researchers at B. Riley assumed coverage on shares of U.S. Silica (NYSE:SLCA) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $40.00 price target on the mining company’s stock. B. Riley’s price objective suggests a potential upside of 25.79% from the company’s current price.

Several other equities research analysts also recently issued reports on SLCA. BidaskClub downgraded U.S. Silica from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine upgraded U.S. Silica from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded U.S. Silica from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Monday. SunTrust Banks reissued a “buy” rating and issued a $43.00 price objective (up previously from $35.00) on shares of U.S. Silica in a research report on Thursday, September 28th. Finally, Barclays raised U.S. Silica from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.65.

Shares of U.S. Silica (NYSE:SLCA) opened at $31.80 on Wednesday. The company has a market capitalization of $2,676.47, a P/E 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 quarterly earnings data 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. U.S. Silica had a return on equity of 5.73% and a net margin of 6.24%. The firm had revenue of $345.00 million during the quarter, compared to the consensus estimate of $328.91 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 150.5% on a year-over-year basis. sell-side analysts expect that U.S. Silica will post 1.53 EPS for the current year.

U.S. Silica declared that its board has initiated a stock repurchase program on Monday, November 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the mining company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLCA. BNP Paribas Arbitrage SA lifted its stake in shares of U.S. Silica by 467.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 89,781 shares of the mining company’s stock valued at $3,186,000 after purchasing an additional 73,959 shares during the period. Royal Bank of Canada increased its holdings in shares of U.S. Silica by 43.0% in the 2nd quarter. Royal Bank of Canada now owns 399,758 shares of the mining company’s stock worth $14,187,000 after purchasing an additional 120,146 shares in the last quarter. Eaton Vance Management increased its holdings in shares of U.S. Silica by 64.5% in the 2nd quarter. Eaton Vance Management now owns 271,753 shares of the mining company’s stock worth $9,645,000 after purchasing an additional 106,581 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of U.S. Silica by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,191,404 shares of the mining company’s stock worth $255,223,000 after purchasing an additional 114,029 shares in the last quarter. Finally, Airain ltd bought a new stake in shares of U.S. Silica in the 2nd quarter worth $1,461,000.

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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.

Analyst Recommendations for U.S. Silica (NYSE:SLCA)

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