U.S. Silica (SLCA) Trading Down 7.9%

U.S. Silica Holdings Inc (NYSE:SLCA)’s share price fell 7.9% during trading on Monday . The company traded as low as $12.09 and last traded at $12.09. 1,595,930 shares were traded during mid-day trading, a decline of 0% from the average session volume of 1,600,819 shares. The stock had previously closed at $13.12.

A number of brokerages recently commented on SLCA. Bank of America set a $15.00 target price on shares of U.S. Silica and gave the stock a “sell” rating in a research report on Thursday, May 2nd. Cowen reiterated an “outperform” rating and issued a $20.00 target price (down previously from $22.00) on shares of U.S. Silica in a research report on Thursday, May 2nd. ValuEngine cut shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Seaport Global Securities set a $21.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, TheStreet cut shares of U.S. Silica from a “c” rating to a “d+” rating in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.53.

The stock has a market cap of $954.68 million, a PE ratio of 7.65 and a beta of 2.34. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.77.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings data on Wednesday, May 1st. The mining company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. U.S. Silica had a negative net margin of 15.85% and a positive return on equity of 9.28%. The firm had revenue of $378.75 million for the quarter, compared to analysts’ expectations of $354.83 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts forecast that U.S. Silica Holdings Inc will post -0.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, June 13th. U.S. Silica’s payout ratio is 15.82%.

In other news, Director Charles W. Shaver acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $13.06 per share, for a total transaction of $130,600.00. Following the completion of the transaction, the director now owns 19,909 shares of the company’s stock, valued at $260,011.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of U.S. Silica by 44.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,269 shares of the mining company’s stock valued at $339,000 after purchasing an additional 10,290 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of U.S. Silica by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 50,722 shares of the mining company’s stock valued at $516,000 after purchasing an additional 1,973 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of U.S. Silica by 10.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,396,691 shares of the mining company’s stock valued at $14,218,000 after purchasing an additional 131,383 shares in the last quarter. Welch & Forbes LLC bought a new stake in shares of U.S. Silica during the 4th quarter valued at about $742,000. Finally, Private Advisor Group LLC bought a new stake in shares of U.S. Silica during the 4th quarter valued at about $102,000.

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About U.S. Silica (NYSE:SLCA)

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, 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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