5.36 0.00 (0.00%)
After hours: 4:39PM EST
|Bid||5.35 x 1400|
|Ask||5.36 x 1800|
|Day's Range||4.92 - 5.39|
|52 Week Range||4.38 - 18.72|
|Beta (3Y Monthly)||2.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 17, 2020 - Feb 21, 2020|
|Forward Dividend & Yield||0.25 (5.06%)|
|1y Target Est||6.23|
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U.S. Silica (SLCA) is hiking prices to support ongoing investments in improving capacity to meet rising product demand and compensate for increasing production costs.
U.S. Silica Holdings, Inc. (NYSE: SLCA) said today that part of its Industrial and Specialty Products business will increase prices for most of its non-contracted silica sand, aggregate diatomaceous earth and clay products used primarily in foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products, agricultural, pet litter and other applications.
Silica Holdings (SLCA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's Investors Service ("Moody's") today downgraded US Silica Company, Inc.'s ("US Silica") Corporate Family Rating (CFR) to B2 from B1, Probability of Default rating to B2-PD from B1-PD, and senior secured credit facility rating to B2 from B1. In addition, Moody's maintained US Silica's Speculative Grade Liquidity of SGL-2.
U.S. Silica (SLCA) aims to boost efficiencies, and better align support staff and operations, with current challenges in energy markets.
U.S. Silica Holdings Inc said on Friday it had cut about 230 jobs, or 10% of its workforce, as demand for its frac sand comes under pressure from oil and gas producers reducing drilling in the backdrop of volatile prices. Last month, U.S. Silica said it expects demand to slow down in the fourth quarter and reported a bigger-than-expected quarterly loss weighed down by lower prices. Prices for the proppant used to crack the ground and extract oil have dropped in North America, as low oil prices and demands for higher investor returns stunted drilling activity.
U.S. Silica Holdings Inc. said Friday it is cutting 230 jobs, or about 10% of its workforce, in an effort to "improve efficiencies" given challenges in its energy markets. The stock is still inactive in premarket trading. The job cuts include corporate employees and job losses from the idling of the mines in Utica, Illinois and Tyler, Texas. Other facilities that will be impacted, but not idled, are those in Crane County, Texas, Sparta, Wisconsin and Festus, Missouri. The company expects to incur about $1.7 million in severance costs in the fourth quarter of 2019, while the expected savings from the job cuts and other cost reduction actions are about $20 million a year. "The difficult decisions announced today are an important element of our plan to protect margins and generate free cash flow in an increasingly competitive oil and gas completions market," said Chief Executive Bryan Shinn. The stock has tumbled 54.7% year to date, while the SPDR Energy Select Sector ETF has gained 4.7%, the Russell 2000 has climbed 17.5% and the S&P 500 has advanced 23.8%.
KATY, Texas, Nov. 22, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (SLCA) today announced a reduction in its workforce of approximately 230 employees to improve efficiencies and better align operations and support staffing with the current challenges in its energy markets. The staffing reductions equal approximately 10% of the total company workforce and include corporate employees and the idling of both the Utica, Illinois and Tyler, Texas mines. Other facilities impacted, but not idled are; Crane County in Texas, Sparta, Wisconsin, and Festus, Missouri.
KATY, Texas , Nov. 12, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share. The dividend ...
Whilst it may not be a huge deal, we thought it was good to see that the U.S. Silica Holdings, Inc. (NYSE:SLCA...
KATY, Texas , Nov. 8, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA), a diversified industrial minerals company and the leading last mile logistics provider to the oil and gas industry (the ...
KATY, Texas, Nov. 6, 2019 /PRNewswire/ -- U.S. Silica today launched a new cutting-edge website featuring simplified, intuitive navigation and design to better showcase the company's diverse products, innovative spirit, and commitment to operating its business in sustainable manner. "As a global, diversified performance materials and logistics leader, we strive to stay ahead of the curve and position ourselves for growth," said Bryan Shinn, U.S. Silica president and chief executive officer. The site allows visitors to explore an interactive map featuring plant locations and logistical data, easily browse the company's wide range of products, and learn about U.S. Silica's strategy for growth and its commitment to best-in-class environmental, social and corporate governance practices (ESG).
U.S. Silica Holdings shares plunged 33% after the frac sand miner said it expects demand to slow in the fourth quarter and reported a bigger-than-expected quarterly loss on Tuesday, weighed down by lower prices. "Energy markets deteriorated further and faster than expected during the quarter as E&P budget exhaustion slowed completion activity, resulting in lower demand and pricing pressure," Chief Executive Officer Bryan Shinn said on a post-earnings call with analysts.
- Third quarter revenue of $361.8 million - GAAP and adjusted EPS for the quarter of $(0.31) and $(0.17) per share, respectively - Continued focus on rationalization of the frac sand business - Ongoing ...
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of US Silica Company, Inc. New York, October 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of US Silica Company, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
As an investor, mistakes are inevitable. But really bad investments should be rare. So spare a thought for the long...
KATY, Texas, Oct. 2, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (SLCA) announced today that it will release its third quarter 2019 financial results before the New York Stock Exchange opens on Tuesday, Oct. 29, 2019. Hosting the call will be Bryan Shinn, president and chief executive officer and Don Merril, executive vice president and chief financial officer. Investors are invited to listen to a live webcast of the conference call by visiting the "Investor Resources" section of the Company's website at www.ussilica.com.
KATY, Texas, Sept. 30, 2019 /PRNewswire/ -- U.S. Silica Holdings, Inc. (SLCA), a diversified industrial minerals company and the leading last mile logistics provider to the oil and gas industry (the "Company"), today announced that it has completed a voluntary loan repurchase offer for $10.0 million of principal of the term loan portion of its senior secured credit facility, reaffirming its commitment to reducing leverage. U.S. Silica Holdings, Inc. is a performance materials company and is a member of the Russell 2000. The Company is a leading producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications.
The Zacks Analyst Blog Highlights: U.S. Silica, Chevron, AngloGold Ashanti, Kinross Gold and Barrick Gold