U.S. Silica (NYSE:SLCA) Stock Price Up 4.1%

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U.S. Silica Holdings, Inc. (NYSE:SLCA) shares traded up 4.1% on Tuesday . The stock traded as high as $9.65 and last traded at $9.65. 46,165 shares changed hands during trading, a decline of 96% from the average session volume of 1,229,878 shares. The stock had previously closed at $9.27.

A number of equities research analysts have recently issued reports on SLCA shares. B. Riley boosted their target price on U.S. Silica from $4.35 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, March 2nd. Evercore ISI upgraded shares of U.S. Silica from an “in-line” rating to an “outperform” rating in a report on Monday, January 4th. Zacks Investment Research lowered shares of U.S. Silica from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a report on Wednesday, March 17th. Finally, Morgan Stanley raised their price objective on shares of U.S. Silica from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.58.

The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.61 and a current ratio of 2.09. The stock has a market cap of $766.09 million, a price-to-earnings ratio of -1.88 and a beta of 3.22. The company’s 50 day simple moving average is $12.11 and its two-hundred day simple moving average is $8.56.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Friday, April 30th. The mining company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.03. U.S. Silica had a negative return on equity of 0.69% and a negative net margin of 42.97%. The business had revenue of $234.40 million during the quarter, compared to analyst estimates of $219.60 million. During the same period last year, the company earned ($0.03) earnings per share. U.S. Silica’s quarterly revenue was down 13.1% compared to the same quarter last year. On average, equities research analysts predict that U.S. Silica Holdings, Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in U.S. Silica by 2.7% during the fourth quarter. BlackRock Inc. now owns 11,362,858 shares of the mining company’s stock worth $79,768,000 after buying an additional 300,662 shares during the last quarter. Ariel Investments LLC raised its position in shares of U.S. Silica by 2.1% in the fourth quarter. Ariel Investments LLC now owns 8,960,928 shares of the mining company’s stock valued at $62,906,000 after purchasing an additional 186,469 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of U.S. Silica by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,219,141 shares of the mining company’s stock worth $15,579,000 after buying an additional 19,785 shares during the period. Morgan Stanley grew its stake in U.S. Silica by 25.0% in the 3rd quarter. Morgan Stanley now owns 1,301,113 shares of the mining company’s stock valued at $3,904,000 after buying an additional 260,196 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in U.S. Silica during the 4th quarter worth $8,811,000. Institutional investors own 75.67% of the company’s stock.

About U.S. Silica (NYSE:SLCA)

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 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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