QUOTE AND NEWS
SeekingAlpha  Mar 9  Comment 
ByRobert Wagner: I recently read an article on Seeking Alpha about "frac sand" having the potential to go "parabolic." The data above is bullish frac sand pricing. Producers have a good outlook as completions continue to use more proppant per...
SeekingAlpha  Mar 5  Comment 
By Michael Filloon: Demand continues for frac sand in the United States. In 2013, significant supply hit the market. This decreased average pricing. Current expectations are for a pricing rebound, as demand is increasing. Although we are seeing...
SeekingAlpha  Feb 26  Comment 
U.S. Silica Holdings (SLCA) Q4 2013 Earnings Call February 26, 2014 10:00 am ET Executives Michael K. Lawson - Director of Investor Relations & Corporate Communications Bryan A. Shinn - Chief Executive Officer, President and...
StreetInsider.com  Feb 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/US+Silica+Holdings+%28SLCA%29+Misses+Q4+EPS+by+5c/9214795.html for the full story.
StreetInsider.com  Feb 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/US+Silica+%28SLCA%29%2C+Union+Pacific+%28UNP%29+Enter+Agreement+for+New+Texas+Facility/9150497.html for the full story.
Forbes  Feb 10  Comment 
Avista Corp.'s (AVA) board of directors has declared a quarterly dividend of $0.3175 per share on the company's common stock, an increase of $0.0125 per share, yielding an annualized dividend of $1.27. The common stock dividend is payable March...
StreetInsider.com  Feb 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/US+Silica+Holdings+%28SLCA%29+Declares+%240.125+Quarterly+Dividend%3B+1.9%25+Yield/9143616.html for the full story.
StreetInsider.com  Feb 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Wells+Fargo+Upgrades+U.S.+Silica+Holdings+%28SLCA%29+to+Outperform/9143315.html for the full story.
TheStreet.com  Feb 4  Comment 
NEW YORK (TheStreet) -- U.S. Silica  slipped on Tuesday after investment firm Jefferies downgraded the stock to "hold" from "buy" with a price target $10 lower to $31. "It disappoints us to conclude that frac sand demand potential cannot offset...
Benzinga  Feb 4  Comment 
Analysts at Credit Suisse downgraded Helmerich & Payne (NYSE: HP) from “neutral” to “underperform.” The price target for Helmerich & Payne is set to $75. Helmerich & Payne's shares closed at $86.27 yesterday. Benchmark downgraded...




 

U.S Silica (NYSE:SLCA) produces and sells silica for commercials uses. The company makes money by selling its end product to oil and gas, glass making, chemical, solar panel, and other industries. However, US Silica's largest customers are oil and gas companies which use the silica in hyrdofracking. US Silica mines and distributes its products within the United States.[1]


Business Overview

For the first nine months of 2011, US Silica reported a total sales of $212M. This compares to $20.2M in net income. For comparison, the same period in 2010 resulted in $185M in sales and $7.6M in net income.[2]


New Updates

The company's initial public offering of stock on the NYSE occurred on January 31, 2012. The company offered 11.8M shares each for $17. This was within the $16-$18 initial price range. The deal raised a total of $200M. The lead mangers of the deal were Morgan Stanley (MS), BofA, and Jefferies Group (JEF).[3]

Trends & Forces

Reliance on Oil & Gas

US Silica's largest end market is the oil and gas industry which uses the silica as "frac sand." This sand is injected with water under high pressure in order to generate fractures in the rock. These fractures improve the well's oil or gas output.[4] However, this practice, known as hyrdofracking, has undergone scrutiny both by the public and by regulatory officials. The fear is that such practices can contaminate the water streams. If this practice is regulated, US Silica's largest market will likely decrease its demand for silica.[5]

  1. SLCA S-1/A 2012 PROSPECTUS SUMMARY "Our Company" pg. 1-2
  2. SLCA S-1/A 2012 PROSPECTUS SUMMARY "Summary Historical Combined Financial and Operating Data" pg. 11-12
  3. Renaissance Capital - IPO Home "U.S. Silica prices IPO at $17 midpoint" 1 Feb 2012
  4. SLCA S-1/A 2012 PROSPECTUS SUMMARY "Risk Factors" pg. 15-18
  5. New York Times "Extracting Natural Gas from Rock" 26 Feb 2011
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki