U.S. Silica Holdings Inc. (NYSE: SLCA) stock fell -0.23% on Tuesday to $12.75 against a previous-day closing price of $12.78. With 0.41 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $13.01 whereas the lowest price it dropped to was $12.70. The 52-week range on SLCA shows that it touched its highest point at $19.36 and its lowest point at $9.47 during that stretch. It currently has a 1-year price target of $19.75. Beta for the stock currently stands at 2.61.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SLCA was up-trending over the past week, with a rise of 6.78%, but this was down by -0.78% over a month. Three-month performance surged to 17.84% while six-month performance fell -3.56%. The stock lost -22.30% in the past year, while it has gained 2.00% so far this year. A look at the trailing 12-month EPS for SLCA yields 1.68 with Next year EPS estimates of 2.21. For the next quarter, that number is 0.62. This implies an EPS growth rate of 321.70% for this year and -2.12% for next year. EPS is expected to grow by 28.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.50%.
Float and Shares Shorts:
At present, 76.52 million SLCA shares are outstanding with a float of 74.20 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.45 million, which was 7.07% higher than short shares on Mar 30, 2023. In addition to Mr. Bryan A. Shinn as the firm’s CEO & Director, Mr. Donald A. Merril serves as its Exec. VP & CFO.
Through their ownership of 84.47% of SLCA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.93% of SLCA, in contrast to 40.65% held by mutual funds. Shares owned by individuals account for 11.57%. As the largest shareholder in SLCA with 16.41% of the stake, BlackRock Fund Advisors holds 12,487,665 shares worth 12,487,665. A second-largest stockholder of SLCA, The Vanguard Group, Inc., holds 6,491,785 shares, controlling over 8.53% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in SLCA, holding 4,437,247 shares or 5.83% stake. With a 7.20% stake in SLCA, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,479,322 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.95% of SLCA stock, is the second-largest Mutual Fund holder. It holds 2,244,740 shares valued at 29.29 million. VanEck Oil Services ETF holds 2.60% of the stake in SLCA, owning 1,981,665 shares worth 25.86 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SLCA reported revenue of $388.51M and operating income of $50.09M. The EBITDA in the recently reported quarter was $86.90M and diluted EPS was $0.29.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLCA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SLCA analysts setting a high price target of $24.00 and a low target of $15.00, the average target price over the next 12 months is $19.75. Based on these targets, SLCA could surge 88.24% to reach the target high and rise by 17.65% to reach the target low. Reaching the average price target will result in a growth of 54.9% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded SLCA stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 78,490 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 1,624,853 while 1,226,004 shares were sold.