US Silica's (SLCA) Buy Rating Reiterated at Piper Jaffray Companies

Cornelia Mascio
Gennaio 14, 2018

U.S. Silica Holdings Inc (NYSE:SLCA) Director Peter Clark Bernard purchased 600 shares of the company's stock in a transaction on Wednesday, December 20th.

A number of other research analysts also recently weighed in on SLCA. Zacks Investment Research cut shares of U.S. Silica from a "hold" rating to a "strong sell" rating in a research report on Monday, October 2nd. SunTrust Banks reiterated a "buy" rating and issued a $43.00 target price (up previously from $35.00) on shares of U.S. Silica in a report on Thursday, September 28th. KeyCorp reissued a buy rating and issued a $50.00 price target on shares of U.S. Silica Holdings in a research report on Thursday, December 1st. Piper Jaffray Companies restated a "buy" rating and issued a $40.50 price target on shares of U.S. Silica in a report on Friday, November 10th. DA Davidson initiated the stock with "Buy" rating in Monday, December 7 report. They set a "buy" rating and a $59.00 target price for the company.

For this year, U.S. Silica Holdings, Inc. Following the transaction, the director now owns 29,829 shares in the company, valued at approximately $1,013,887.71. Frontier Capital Management Co Llc sold 110,683 shares as the company's stock declined 2.79% while stock markets rallied. The last close places the company's stock about $23.24 off its 52 week high of $61.49 and $13.99 above the 52 week low of $24.26. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39.

Vince Maddi increased its stake in U S Silica Hldgs Inc (SLCA) by 285.16% based on its latest 2017Q3 regulatory filing with the SEC. The mining company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.02. The firm had revenue of $345.00 million during the quarter, compared to analysts' expectations of $328.91 million. U.S. Silica had a return on equity of 12.49% and a net margin of 11.96%. The company's quarterly revenue was up 150.5% on a year-over-year basis. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of U.S. Silica Holdings by 0.9% in the third quarter. Also published the news titled: "US Silica Announces Promotion of Billy Ray Smith to Senior Vice President and ..." on January 03, 2018. Stockholders of record on Friday, December 15th were paid a dividend of $0.063 per share. The ex-dividend date was Thursday, December 14th. Us Silica Holdings Inc now has $3.09B valuation.

U.S. Silica announced that its board has approved a share repurchase program on Monday, November 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the mining company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued. Sir Capital Management Lp acquired 231,675 shares as U S Silica Hldgs Inc (SLCA)'s stock declined 29.01%. Following the acquisition, the chief executive officer now owns 88,807 shares of the company's stock, valued at $2,779,659.10. The shares were sold at an average price of $34.21, for a total transaction of $297,627.00. QS Investors LLC now owns 6,128 shares of the mining company's stock worth $217,000 after purchasing an additional 18 shares in the last quarter. The disclosure for this purchase can be found here. Insiders have bought a total of 7,900 shares of company stock valued at $256,063 over the last 90 days. Company insiders own 1.00% of the company's stock. Hedge funds and other institutional investors own 83.05% of the company's stock.

Cubist Systematic Strategies LLC boosted its stake in U.S. Silica Holdings Inc (NYSE:SLCA) by 133.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The company now has an average rating of "Buy" and a consensus price target of $48.60. Victory Capital Management Inc. increased its stake in U.S. Silica by 178.7% in the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company's stock valued at $34,101,000 after purchasing an additional 616,051 shares during the last quarter. Public Employees Retirement System of OH lifted its holdings in shares of U.S. Silica by 42.3% in the 3rd quarter. The Ejf Capital Llc holds 500,000 shares with $12.48M value, down from 577,989 last quarter.

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U.S. Silica Holdings, Inc (U.S. Silica) 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.

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