The stock of U.S. Silica Holdings Inc (NYSE:SLCA) hit a new 52-week high and has $69.57 target or 48.00% above today’s $47.01 share price. The 6 months bullish chart indicates low risk for the $3.07 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $69.57 price target is reached, the company will be worth $1.47 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.09 million shares traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has risen 142.63% since February 29, 2016 and is uptrending. It has outperformed by 130.41% the S&P500.
Analysts await U.S. Silica Holdings Inc (NYSE:SLCA) to report earnings on October, 25. They expect $-0.19 earnings per share, down 375.00% or $0.15 from last year’s $-0.04 per share. After $-0.17 actual earnings per share reported by U.S. Silica Holdings Inc for the previous quarter, Wall Street now forecasts 11.76% negative EPS growth.
U.S. Silica Holdings Inc (NYSE:SLCA) Ratings Coverage
Out of 15 analysts covering U.S. Silica (NYSE:SLCA), 13 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 87% are positive. U.S. Silica has been the topic of 40 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Jefferies upgraded the stock to “Buy” rating in Monday, July 11 report. On Thursday, April 28 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Sector Perform” rating given on Wednesday, February 24 by RBC Capital Markets. Citigroup maintained it with “Buy” rating and $40 target price in Wednesday, July 13 report. As per Monday, June 13, the company rating was downgraded by DA Davidson. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned “Overweight” rating by Morgan Stanley on Thursday, April 28. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Neutral” rating given on Thursday, February 25 by Ladenburg Thalmann. The firm has “Buy” rating by SunTrust given on Wednesday, January 13. Jefferies downgraded the shares of SLCA in a report on Friday, September 11 to “Underperform” rating. On Monday, January 11 the stock rating was upgraded by Wells Fargo to “Outperform”.
According to Zacks Investment Research, “U.S. Silica Holdings, Inc. is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay. The company also operates as a research and development specialist for customized products and solutions. The industries and applications served by U.S. Silica includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland.”
More notable recent U.S. Silica Holdings Inc (NYSE:SLCA) news were published by: Nasdaq.com which released: “US Silica Holdings Reaches Analyst Target Price” on October 03, 2016, also Prnewswire.com with their article: “U.S. Silica to Acquire Logistics Solutions Provider Sandbox Enterprises” published on August 02, 2016, Prnewswire.com published: “U.S. Silica to Acquire Regional Frac Sand Producer for $210 million” on July 18, 2016. More interesting news about U.S. Silica Holdings Inc (NYSE:SLCA) were released by: Prnewswire.com and their article: “U.S. Silica Holdings, Inc. Announces First Quarter 2016 Results” published on April 26, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Albemarle, US Silica Holdings and EnCana” with publication date: September 09, 2016.
SLCA Company Profile
U.S. Silica Holdings, Inc. (U.S. Silica), incorporated on November 14, 2008, is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Firm operates in two divisions: Oil & Gas Proppants, and Industrial & Specialty Products. In its end market, gas and oil proppants, its frac sand is used to stimulate and maintain the flow of hydrocarbons in oil and natural gas wells. The Company’s silica is also used as an irreplaceable raw material in a range of industrial applications, including glassmaking and chemical manufacturing. The Firm operates approximately 20 production facilities across the United States and controls over 400 million tons of reserves, including approximately 222 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Firm produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.
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