The stock of U.S. Silica Holdings Inc (NYSE:SLCA) hit a new 52-week high and has $52.84 target or 6.00% above today’s $49.85 share price. The 5 months bullish chart indicates low risk for the $3.42 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $52.84 price target is reached, the company will be worth $205.20 million 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 1.59 million shares traded hands. 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.
Analysts await U.S. Silica Holdings Inc (NYSE:SLCA) to report earnings on February, 28. They expect $-0.14 earnings per share, up 46.15% or $0.12 from last year’s $-0.26 per share. After $-0.13 actual earnings per share 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. $56 is the highest target while $14 is the lowest. The $31.53 average target is -36.75% below today’s ($49.85) stock price. U.S. Silica has been the topic of 42 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Monday, May 23. Cowen & Co maintained U.S. Silica Holdings Inc (NYSE:SLCA) rating on Thursday, October 29. Cowen & Co has “Outperform” rating and $27 price target. DA Davidson initiated it with “Buy” rating and $32 target price in Monday, December 7 report. The company was downgraded on Thursday, February 25 by Ladenburg Thalmann. DA Davidson downgraded the stock to “Neutral” rating in Monday, June 13 report. As per Thursday, April 28, the company rating was maintained by Ladenburg Thalmann. Johnson Rice upgraded the stock to “Buy” rating in Monday, November 7 report. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Sector Perform” rating given on Thursday, October 29 by RBC Capital Markets. The firm earned “Underperform” rating on Friday, September 11 by Jefferies. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets.
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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