U.S. Silica Holdings (SLCA) : 14 analysts are covering U.S. Silica Holdings (SLCA) and their average rating on the stock is 1.86, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. U.S. Silica Holdings (SLCA) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
U.S. Silica Holdings (SLCA) : 12 Wall Street analysts covering U.S. Silica Holdings (SLCA) believe that the average level the stock could reach for the short term is $31.71. The maximum price target given is $42 and the minimum target for short term is around $19, hence the standard deviation is calculated at $6.66.
U.S. Silica Holdings (NYSE:SLCA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.25 and $32.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.57, notching a gain of 0.06% for the day. The total traded volume was 1,235,790 . The stock had closed at $33.55 on the previous day.
Also, DA Davidson downgrades its rating on U.S. Silica Holdings (NYSE:SLCA). Analysts at the DA Davidson have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 13, 2016. The company shares have rallied 34.58% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $34.93 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $31.45 and the 200 Day Moving Average price is recorded at $23.16.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.