U.S. Silica Holdings (SLCA) : Zacks Investment Research ranks U.S. Silica Holdings (SLCA) as 2, which is a Buy recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.62, which indicates as a Buy.
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 $38.27 and the expected standard deviation is $9.64.
For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its view on U.S. Silica Holdings (NYSE:SLCA) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $32 per share to $40 per share on U.S. Silica Holdings . The rating by the firm was issued on July 13, 2016.
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 $33.55 and $33.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.99, notching a gain of 8.28% for the day. The total traded volume was 3,398,019 . The stock had closed at $34.16 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.