In today’s session U.S. Silica Holdings Inc (SLCA) registered an unusually high (2,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SLCA increase. With 2,000 contracts traded and 22204 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLCA161021C00043000 closed last at: $5.2 or 18.8% down. About 89,772 shares traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has risen 133.85% since March 15, 2016 and is uptrending. It has outperformed by 128.36% 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. $56 is the highest target while $14 is the lowest. The $31.53 average target is -33.79% below today’s ($47.62) stock price. U.S. Silica has been the topic of 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, February 26 by Jefferies. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, February 24. Cowen & Co maintained it with “Outperform” rating and $30 target price in Thursday, July 30 report. As per Wednesday, August 10, the company rating was initiated by Barclays Capital. Jefferies upgraded it to “Buy” rating and $41 target price in Monday, July 11 report. The company was upgraded on Thursday, March 31 by Piper Jaffray. The rating was upgraded by Suntrust Robinson on Wednesday, January 13 to “Buy”. Oppenheimer maintained the shares of SLCA in a report on Thursday, October 1 with “Perform” rating. The firm has “Outperform” rating given on Thursday, February 25 by Cowen & Co. The firm has “Buy” rating given on Wednesday, January 13 by SunTrust.
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.”
U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The company has a market cap of $2.99 billion. The Firm operates in two divisions: Oil & Gas Proppants, and Industrial & Specialty Products. It currently has negative earnings. In the Oil & Gas Proppants segment, the Company serves the gas and oil recovery market providing fracturing sand, or frac sand.
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.
More news for U.S. Silica Holdings Inc (NYSE:SLCA) were recently published by: Businesswire.com, which released: “Halliburton and U.S. Silica Break Record for Moving Largest Sand Unit Train in …” on October 13, 2016. Chron.com‘s article titled: “Halliburton, U.S. Silica claim 19000-ton frac sand haul is a record” and published on October 14, 2016 is yet another important article.
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