QUOTE AND NEWS
Motley Fool  Dec 8  Comment 
US Silica Holdings plunged 9% today but at least it didn't drop as much as other frac sand suppliers
TheStreet.com  Dec 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...
TheStreet.com  Dec 1  Comment 
NEW YORK (TheStreet) -- Shares of U.S. Silica Holdings  are tanking, down 10.85% to $28.01 in morning trading Monday, as the fracking sand supplier reacts to news that the Organization of Petroleum Exporting Countries decided to maintain...
Benzinga  Nov 26  Comment 
Analysts at Wells Fargo downgraded U.S. Silica Holdings (NYSE: SLCA) from Outperform to Market Perform. U.S. Silica shares have surged 27.55% over the past 52 weeks, while the S&P 500 index has gained 14.38% in the same period. U.S. Silica's...
Benzinga  Nov 26  Comment 
Motley Fool  Nov 17  Comment 
U.S. Silica Holdings is a largely unknown small cap that's in one of the fastest growing but least followed industries. Find out why it should be on your radar.
TheStreet.com  Oct 30  Comment 
NEW YORK (TheStreet) --aU.S. Silica Holdingsa fell 5.78% to $44.33 in afternoon trading Thursday despite the company's third-quarter results that beat analysts' expectations. The silica sand supplier reported earnings of 76 cents per diluted...
Motley Fool  Oct 30  Comment 
Here's what you need to know about U.S. Silica's earnings release.




 

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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