U.S. Silica (SLCA) Scheduled to Post Quarterly Earnings on Tuesday

U.S. Silica (NYSE:SLCA) will be announcing its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

U.S. Silica (NYSE SLCA) opened at $29.37 on Tuesday. The stock has a market capitalization of $2,390.00, a P/E ratio of 36.71 and a beta of 2.15. U.S. Silica has a twelve month low of $24.26 and a twelve month 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 declared that its board has initiated a share repurchase program on Monday, November 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the mining company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

A number of equities analysts have issued reports on SLCA shares. Zacks Investment Research upgraded U.S. Silica from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Monday, December 4th. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price target on shares of U.S. Silica in a report on Thursday, October 19th. Royal Bank of Canada set a $44.00 price target on U.S. Silica and gave the stock a “buy” rating in a report on Thursday, December 21st. Barclays upgraded U.S. Silica from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a report on Monday, November 20th. Finally, Credit Suisse Group cut their price target on U.S. Silica from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.76.

In related news, CEO Bryan Adair Shinn purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was acquired at an average cost of $31.30 per share, with a total value of $125,200.00. Following the transaction, the chief executive officer now owns 88,807 shares of the company’s stock, valued at approximately $2,779,659.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles W. Shaver purchased 3,300 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $33.99 per share, with a total value of $112,167.00. Following the completion of the transaction, the director now directly owns 29,829 shares in the company, valued at approximately $1,013,887.71. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,900 shares of company stock worth $256,063. 1.00% of the stock is owned by company insiders.

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About U.S. Silica

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.

Earnings History for U.S. Silica (NYSE:SLCA)

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