U.S. Silica Holdings Inc Draws Bearish Options Activity Today

 U.S. Silica Holdings Inc Draws Bearish Options Activity Today

In today’s session U.S. Silica Holdings Inc (SLCA) recorded an unusually high (172) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SLCA decrease. With 172 contracts traded and 1064 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SLCA161216P00044000 closed last at: $1.2 or 4% down. About 1.57M 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 -36.79% below today’s ($49.88) stock price. U.S. Silica has been the topic of 42 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Citigroup maintained U.S. Silica Holdings Inc (NYSE:SLCA) on Wednesday, July 13 with “Buy” rating. The firm earned “Neutral” rating on Monday, August 24 by SunTrust. The rating was downgraded by DA Davidson to “Neutral” on Monday, June 13. The firm earned “Hold” rating on Friday, February 26 by Jefferies. The stock has “Buy” rating given by Suntrust Robinson on Wednesday, January 13. Wells Fargo upgraded the stock to “Outperform” rating in Monday, January 11 report. The rating was initiated by Credit Suisse on Monday, December 21 with “Outperform”. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned “Perform” rating by Oppenheimer on Thursday, July 30. The stock has “Buy” rating given by Guggenheim on Wednesday, October 28. The stock has “Perform” rating given by Oppenheimer on Thursday, October 1.

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 $3.42 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 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.

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