The stock of U.S. Silica Holdings Inc (NYSE:SLCA) is a huge mover today! About 463,514 shares traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has risen 122.59% since March 3, 2016 and is uptrending. It has outperformed by 114.24% the S&P500.
The move comes after 5 months positive chart setup for the $3.06 billion company. It was reported on Oct, 6 by Barchart.com. We have $63.84 PT which if reached, will make NYSE:SLCA worth $1.01 billion more.
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. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Outperform” rating given on Thursday, February 25 by Cowen & Co. The firm has “Buy” rating by Jefferies given on Monday, July 11. The company was initiated on Monday, December 21 by Credit Suisse. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, February 24 report. Cowen & Co maintained it with “Outperform” rating and $27 target price in Thursday, October 29 report. On Thursday, April 28 the stock rating was maintained by Cowen & Co with “Outperform”. The firm earned “Overweight” rating on Thursday, March 31 by Piper Jaffray. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, July 20. The rating was maintained by Oppenheimer on Thursday, October 1 with “Perform”. Jefferies upgraded the shares of SLCA in a report on Friday, February 26 to “Hold” rating.
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: Prnewswire.com which released: “U.S. Silica to Acquire Logistics Solutions Provider Sandbox Enterprises” on August 02, 2016, also Prnewswire.com with their article: “U.S. Silica to Acquire Regional Frac Sand Producer for $210 million” published on July 18, 2016, Prnewswire.com published: “U.S. Silica Completes Acquisition of NBR Sand” on August 17, 2016. More interesting news about U.S. Silica Holdings Inc (NYSE:SLCA) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Albemarle, US Silica Holdings and EnCana” published on September 09, 2016 as well as Fool.com‘s news article titled: “US Silica Holdings’ Earnings Held Few Surprises, but Management Is Making Big …” with publication date: August 03, 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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