Shares of U.S. Silica Holdings Inc. (NYSE:SLCA) traded today at $17.55, eclipsing its 52-week high. So far today approximately 418,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.
U.S. Silica Holdings Inc. (NYSE:SLCA) defies analysts with a current price ($17.54) 6.4% above its average consensus price target of $16.42.
US Silica Holdings Inc is one of the leading suppliers of sand used in hydraulic fracturing of oil and gas wells. The company delivers sand in most major basins via its extensive logistics network and has an emerging last-mile logistics capability to deliver sand direct to the well site. Its operating segment includes Oil and Gas Proppants and Industrial and Specialty Products. The company generates maximum revenue from the Oil and Gas Proppants segment.
In the past 52 weeks, shares of U.S. Silica Holdings Inc. have traded between a low of $7.22 and a high of $17.55 and is now at $17.54, which is 143% above that low price.
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