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U.S. Silica Holdings (SLCA) mines, processes, and sells commercial silica in the United States.
It operates in two segments, Oil & Gas Proppants and Industrial & Specialty Products.
The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products. It 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, the company offers other industrial mineral products, such as aplite, a mineral used 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.
It serves oil and gas recovery markets, as well as various industries, including container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products, and filtration products.
Shares of this stock have pulled back along with oil prices. Shares have formed a "double bottom" around the $40 support level now and higher share prices are expected for this stock.
52-Week Trading Range: $24.28 - $73.43
Entry Point: $43.00
Stop Loss: $40.85
Target Price: $47.30
SLCA fell below our stop loss. Closed at $35.00.
