QUOTE AND NEWS
TheStreet.com  Mar 23  Comment 
NEW YORK (TheStreet) --U.S. Silica Holdings stock is up 5.05% to $33.08 in early afternoon trading Monday after Jefferies increased its price target to $33 from $29, while maintaining its "hold" rating. U.S. Silica Holdings is a producer of...
Motley Fool  Feb 25  Comment 
Uncertainty in the future always seems to trump impressive earnings reports.
TheStreet.com  Feb 25  Comment 
NEW YORK (TheStreet) --Shares of U.S. Silica Holdings Inc. are down by 6.18% to $28.69 in mid-morning trading on Wednesday, after the industrial minerals producer reported its 2014 fourth quarter earnings results which fell short of what...
Motley Fool  Feb 24  Comment 
U.S. Silica Holdings stock fell 52% in the last six months. Here’s what you need to watch when the company reports 2014 earnings.
TheStreet.com  Feb 18  Comment 
NEW YORK -- Option traders are betting that U.S. Silica will rally after it reports earnings next week.  OptionMonster's Heat Seeker system detected heavy buying the March 35 calls Tuesday, with nearly 3,700 trading for 45 cents to 97...
TheStreet.com  Feb 4  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...




 

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
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