U.S. Silica Holdings (SLCA) has risen sharply, recording gains of 12.61% in the past 4 weeks. However, the stock has corrected -1.74% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.72% and the 50-Day Moving Average is 11.16%. U.S. Silica Holdings (NYSE:SLCA): On Fridays trading session , Opening price of the stock was $38.98 with an intraday high of $39.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $38.0769. However, the stock managed to close at $38.41, a loss of 0.88% for the day. On the previous day, the stock had closed at $38.75. The total traded volume of the day was 1,337,337 shares.
The company Insiders own 1.2% of U.S. Silica Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.69% . Institutional Investors own 98.51% of U.S. Silica Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -34.69%. Also, Barclays initiates coverage on U.S. Silica Holdings (NYSE:SLCA). Barclays has a Overweight rating on the shares. As per the latest report, the brokerage house announces the price target to $50 per share. The rating by the firm was issued on August 10, 2016.
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.