U.S. Silica (NYSE:SLCA) was downgraded by research analysts at R. F. Lafferty from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $8.00 price target on the mining company’s stock, down from their previous price target of $14.00. R. F. Lafferty’s price objective indicates a potential downside of 25.30% from the company’s previous close.

A number of other analysts also recently issued reports on SLCA. Citigroup cut their price objective on U.S. Silica from $13.50 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Morgan Stanley raised their price objective on U.S. Silica from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, July 12th. Finally, ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.81.

Shares of SLCA traded down $0.28 during midday 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. U.S. Silica has a 1-year low of $8.72 and a 1-year high of $21.44. The stock has a market cap of $779.21 million, a PE ratio of 6.82, a price-to-earnings-growth ratio of 286.86 and a beta of 2.58. The firm has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $13.24. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 1.33.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. The firm had revenue of $394.85 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.64 EPS.

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in U.S. Silica by 46.4% during the 1st quarter. First Trust Advisors LP now owns 209,978 shares of the mining company’s stock valued at $3,645,000 after acquiring an additional 66,514 shares during the period. White Pine Capital LLC purchased a new position in U.S. Silica during the 1st quarter valued at about $495,000. Fort Point Capital Partners LLC purchased a new position in U.S. Silica during the 1st quarter valued at about $207,000. Banque Pictet & Cie SA purchased a new position in U.S. Silica during the 2nd quarter valued at about $177,000. Finally, Van ECK Associates Corp boosted its holdings in U.S. Silica by 84.2% during the 2nd quarter. Van ECK Associates Corp now owns 975,644 shares of the mining company’s stock valued at $12,478,000 after acquiring an additional 445,860 shares during the period. Institutional investors own 98.69% of the company’s stock.

U.S. Silica Company Profile

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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