Zacks Investment Research downgraded U.S. Silica Holdings Inc (NYSE:SLCA) to Hold in a statement released earlier today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded U.S. Silica Holdings Inc (NYSE:SLCA) to Hold in a statement released on 10/11/2016.
Boasting a price of $48.97, U.S. Silica Holdings Inc (NYSE:SLCA) traded 1.26% higher on the day. With the last stock price close up 47.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. U.S. Silica Holdings Inc has recorded a 50-day average of $42.81 and a two hundred day average of $33.27. Volume of trade was down over the average, with 1,611,797 shares of SLCA changing hands under the typical 1,633,110
Recent Performance Chart
U.S. Silica Holdings Inc has 52 week low of $13.54 and a 52 week high of $49.98 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is $30.06 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On U.S. Silica Holdings Inc (NYSE:SLCA)
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is an input into a range 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. In its end market, oil and gas proppants, its frac sand is used to stimulate and maintain the flow of hydrocarbons in oil and natural gas wells. Its silica is also used as an irreplaceable raw material in a range of industrial applications, including glassmaking and chemical manufacturing. The Company produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.
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