U.S. Silica (NYSE:SLCA) was downgraded by stock analysts at Citigroup from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports. They presently have a $8.00 price target on the mining company’s stock, down from their previous price target of $14.00. Citigroup‘s price target suggests a potential downside of 25.30% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on SLCA. Morgan Stanley lifted their target price on U.S. Silica from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, July 12th. ValuEngine upgraded U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, R. F. Lafferty cut U.S. Silica from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $8.00 in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.81.

Shares of NYSE SLCA traded down $0.28 during mid-day trading on Tuesday, reaching $10.71. The company had a trading volume of 62,311 shares, compared to its average volume of 1,750,232. The company has a current ratio of 1.79, a quick ratio of 1.34 and a debt-to-equity ratio of 1.33. The stock has a market cap of $779.21 million, a PE ratio of 6.82, a P/E/G ratio of 286.86 and a beta of 2.58. The company has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $13.24. U.S. Silica has a 1-year low of $8.72 and a 1-year high of $21.44.

U.S. Silica (NYSE:SLCA) last issued its earnings results on Tuesday, July 30th. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.19. The business had revenue of $394.85 million for the quarter, compared to analysts’ expectations of $396.72 million. U.S. Silica had a positive return on equity of 6.49% and a negative net margin of 16.92%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS.

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in U.S. Silica by 146.2% during the first quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock valued at $25,000 after purchasing an additional 864 shares during the last quarter. Chilton Capital Management LLC boosted its position in U.S. Silica by 8.9% during the second quarter. Chilton Capital Management LLC now owns 12,276 shares of the mining company’s stock valued at $157,000 after purchasing an additional 1,000 shares during the last quarter. CoreCommodity Management LLC boosted its position in U.S. Silica by 5.6% during the second quarter. CoreCommodity Management LLC now owns 19,355 shares of the mining company’s stock valued at $248,000 after purchasing an additional 1,031 shares during the last quarter. Arizona State Retirement System raised its holdings in U.S. Silica by 1.1% during the second quarter. Arizona State Retirement System now owns 114,096 shares of the mining company’s stock valued at $1,459,000 after buying an additional 1,248 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in U.S. Silica by 29.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,639 shares of the mining company’s stock valued at $72,000 after buying an additional 1,269 shares in the last quarter. 98.69% of the stock is owned by institutional investors and hedge funds.

About U.S. Silica

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

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