Price Action Alert: Is U.S. Silica Holdings Inc’s Fuel For Real? The Stock Just Increased Again

Price Action Alert: Is U.S. Silica Holdings Inc's Fuel For Real? The Stock Just Increased Again

The stock of U.S. Silica Holdings Inc (NYSE:SLCA) is a huge mover today! About 3.50 million shares traded hands or 66.67% up from the average. U.S. Silica Holdings Inc (NYSE:SLCA) has risen 69.95% since April 27, 2016 and is uptrending. It has outperformed by 64.72% the S&P500.
The move comes after 8 months positive chart setup for the $3.41B company. It was reported on Nov, 30 by Barchart.com. We have $53.69 PT which if reached, will make NYSE:SLCA worth $272.80 million more.

Analysts await U.S. Silica Holdings Inc (NYSE:SLCA) to report earnings on February, 28. They expect $-0.14 EPS, up 46.15% or $0.12 from last year’s $-0.26 per share. After $-0.13 actual EPS reported by U.S. Silica Holdings Inc for the previous quarter, Wall Street now forecasts 7.69% negative EPS growth.

U.S. Silica Holdings Inc (NYSE:SLCA) Ratings Coverage

Out of 16 analysts covering U.S. Silica (NYSE:SLCA), 14 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 88% are positive. U.S. Silica has been the topic of 42 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, May 26 by Morgan Stanley. On Wednesday, October 28 the stock rating was upgraded by Guggenheim to “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 23. Howard Weil maintained the shares of SLCA in a report on Thursday, July 30 with “Sector Perform” rating. The stock has “Perform” rating given by Oppenheimer on Thursday, October 1. On Monday, June 13 the stock rating was downgraded by DA Davidson to “Neutral”. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned “Overweight” rating by Piper Jaffray on Thursday, March 31. The rating was upgraded by SunTrust to “Buy” on Wednesday, January 13. DA Davidson initiated U.S. Silica Holdings Inc (NYSE:SLCA) rating on Monday, December 7. DA Davidson has “Buy” rating and $32 price target. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned “Overweight” rating by Morgan Stanley on Thursday, April 28.

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 recent U.S. Silica Holdings Inc (NYSE:SLCA) news were published by: Prnewswire.com which released: “U.S. Silica Investor Day 2016 — Dec. 1, 2016 Webcast Details” on November 23, 2016. Also Prnewswire.com published the news titled: “U.S. Silica Holdings, Inc. Announces Third Quarter 2016 Results” on November 03, 2016. Prnewswire.com‘s news article titled: “U.S. Silica Announces Pricing of Public Offering of Common Stock” with publication date: November 10, 2016 was also an interesting one.

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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