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U.S. Silica Holdings (SLCA) produces and sells commercial silica in the United States.
The company operates in two segments, Oil & Gas Proppants, and Industrial & Specialty Products.
It offers whole grain commercial silica products as fracturing sand in connection with oil and natural gas recovery; and provides its products to the foundry and building products industries, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. The company also provides ground commercial silica products for use in plastics, rubber, polishes, cleansers, paints, glazes, textile fiberglass, and precision castings; and fine ground silica for use in premium paints, specialty coatings, sealants, silicone rubber, and epoxies.
In addition, it offers other industrial mineral products, including aplite, a mineral to produce container glass and insulation fiberglass; calcined kaolin clay, a mineral primarily used as a functional extender in paints, plastics, specialty coatings, and rubber; and adsorbent made from a mixture of silica and magnesium for preparative and analytical chromatography applications.
The company serves oil and gas recovery markets, as well as container glass, fiberglass, specialty glass, flat glass, fillers and extenders, chemicals, recreation products, and filtration products industries. As of December 31, 2013, it had approximately 297 million tons of proven and probable recoverable mineral reserves.
Shares have formed a bullish "cup & handle" as it trades near its 52-week high. We expect the strength in the shares to continue.
52-Week Trading Range: $18.12 - $40.27
Entry Point: $40.00
Stop Loss: $38.00
Target Price: $44.00
SLCA reached our target. Closed at $44.30
