U.S. Silica Holdings (SLCA) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $19. The average forecast of all the analysts is $40.36 and the expected standard deviation is $10.44.
U.S. Silica Holdings (SLCA) : 13 analysts are covering U.S. Silica Holdings (SLCA) and their average rating on the stock is 1.54, which is read as a Buy. 9 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 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Barclays initiates coverage on U.S. Silica Holdings (NYSE:SLCA). The shares have now been rated Overweight by the stock experts at the ratings house. Barclays announces the current price target of $50 per share on U.S. Silica Holdings . The rating by the firm was issued on August 10, 2016.
U.S. Silica Holdings (NYSE:SLCA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.15 and $38.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.76, notching a gain of 1.30% for the day. The total traded volume was 1,695,073 . The stock had closed at $39.25 on the previous day.
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.