U.S. Silica Holdings (SLCA) Shares are Up 9.32%

U.S. Silica Holdings (SLCA) : Traders are bullish on U.S. Silica Holdings (SLCA) as it has outperformed the S&P 500 by a wide margin of 14.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.32% in the last 1 week, and is up 15.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

U.S. Silica Holdings, Inc. is up 57.15% in the last 3-month period. Year-to-Date the stock performance stands at 125.32%. The stock has recorded a 20-day Moving Average of 12.74% and the 50-Day Moving Average is 18.73%.


U.S. Silica Holdings (NYSE:SLCA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.24 and $41.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.99, notching a gain of 1.30% for the day. The total traded volume was 1,619,366 . The stock had closed at $41.45 on the previous day.

Also, Barclays initiates coverage on U.S. Silica Holdings (NYSE:SLCA).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays announces the price target of $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.

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