The stock of U.S. Silica Holdings Inc (NYSE:SLCA) is a huge mover today! About 1.06M shares traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has risen 94.96% since April 5, 2016 and is uptrending. It has outperformed by 93.01% the S&P500.
The move comes after 9 months positive chart setup for the $2.73 billion company. It was reported on Nov, 7 by Barchart.com. We have $61.20 PT which if reached, will make NYSE:SLCA worth $846.30 million more.
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 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, December 7 by DA Davidson. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Overweight” rating given on Thursday, April 28 by Morgan Stanley. The firm has “Outperform” rating given on Thursday, July 30 by Cowen & Co. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned “Outperform” rating by Cowen & Co on Thursday, October 29. The rating was downgraded by SunTrust on Monday, August 24 to “Neutral”. Ladenburg Thalmann downgraded the shares of SLCA in a report on Thursday, February 25 to “Neutral” rating. On Monday, January 11 the stock rating was upgraded by Wells Fargo to “Outperform”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, September 18. Cowen & Co maintained U.S. Silica Holdings Inc (NYSE:SLCA) rating on Wednesday, July 20. Cowen & Co has “Outperform” rating and $42 price target. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Neutral” rating given on Thursday, April 28 by Ladenburg Thalmann.
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 Holdings, Inc. Announces Third Quarter 2016 Results” on November 03, 2016. Also Prnewswire.com published the news titled: “U.S. Silica to Acquire Logistics Solutions Provider Sandbox Enterprises” on August 02, 2016. Zacks.com‘s news article titled: “U.S. Silica (SLCA) Q3 Earnings Preview: What’s in Store?” with publication date: November 01, 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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