U.S. Silica Holdings Inc (NYSE:SLCA) has received a consensus recommendation of “Buy” from the twenty-three ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $50.42.

Several brokerages have recently commented on SLCA. R. F. Lafferty began coverage on U.S. Silica in a research report on Wednesday, January 17th. They set a “buy” rating and a $52.00 price objective on the stock. Cowen set a $45.00 price objective on U.S. Silica and gave the company a “buy” rating in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating on shares of U.S. Silica in a research report on Tuesday, January 9th. Royal Bank of Canada set a $44.00 price objective on U.S. Silica and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research lowered U.S. Silica from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 11th.

U.S. Silica (NYSE SLCA) opened at $29.00 on Friday. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2,326.38, a PE ratio of 36.25 and a beta of 2.15. U.S. Silica has a 1 year low of $24.26 and a 1 year high of $61.49.

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.

In other U.S. Silica news, Director Charles W. Shaver acquired 3,300 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average price of $33.99 per share, for a total transaction of $112,167.00. Following the acquisition, the director now owns 29,829 shares in the company, valued at approximately $1,013,887.71. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bryan Adair Shinn acquired 4,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of $31.30 per share, with a total value of $125,200.00. Following the acquisition, the chief executive officer now owns 88,807 shares in the company, valued at approximately $2,779,659.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 7,900 shares of company stock worth $256,063. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLCA. QS Investors LLC lifted its stake in shares of U.S. Silica by 0.3% in the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock valued at $217,000 after purchasing an additional 18 shares during the period. Sentry Investment Management LLC purchased a new position in shares of U.S. Silica in the 2nd quarter valued at approximately $221,000. Verde Servicos Internacionais S.A. purchased a new position in shares of U.S. Silica in the 3rd quarter valued at approximately $201,000. Lee Financial Co purchased a new position in shares of U.S. Silica in the 4th quarter valued at approximately $225,000. Finally, Phoenix Investment Adviser LLC purchased a new position in shares of U.S. Silica in the 4th quarter valued at approximately $228,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

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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.

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

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