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January 31, 2014
10:33 EDTSLCAU.S. Silica tumbles after results, levels to watch
Price was last at $28.79, down 10.1% from yesterday's close. The company reported results that were 12 cents below consensus estimates for its Q4. At current price, next support is at $26.76, the session low. Resistance is at $29.49. The move down today puts the stock below its 10, 30, and 50-day moving averages, which is intermediate term price bearish.
News For SLCA From The Last 14 Days
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October 7, 2015
13:49 EDTSLCAU.S. Silica delivers 150-car unit train
U.S. Silica Holdings announced the delivery of a record-breaking 150-car unit train carrying over 16,500 tons of U.S. Silica White frac sand from Ottawa, IL to a transload facility serving the Permian Basin. The sand was delivered on the BNSF Railroad. This unit train of sand is the longest ever delivered to a single destination on a Class-1 railroad. Although the U.S. land rig count has declined during 2015 as a result of lower oil prices, large volumes of sand continue to be required as current completion designs for wells demand increased volumes of sand per stage and more stages per well. It is estimated that sand usage per well has increased by 26% from the third quarter of 2014 to the second quarter of 2015, according to a recent report from PacWest Consulting Partners and that trend appears to be continuing. As hydraulic fracturing techniques have evolved and more proppant is required per well, we continue to utilize our unique combination of speed, scale and strength to meet customers' needs through our high velocity logistics network.
September 25, 2015
13:52 EDTSLCASand proppant producers plunge after Emerge Energy withdraws guidance
Shares of sand proppant producers U.S. Silica (SLCA), Hi-Crush Partners (HCLP), CARBO Ceramics (CRR), and Fairmount Santrol Holdings (FMSA) are declining after peer Emerge Energy Services (EMES) withdrew its distribution guidance, causing Baird and Stifel to issues downgrades on the company. WHAT'S NEW: Emerge Energy said in a statement Thursday night that it is withdrawing its previously announced distribution guidance for 2015 due to difficult market conditions in its Sand and Fuel segments caused by prolonged downward pressure on oil and natural gas prices. Emerge Energy also noted that it does not currently anticipate announcing any further distribution guidance for 2015. WHAT'S NOTABLE: In a note to investors, Baird analyst Ethan Bellamy downgraded Emerge Energy Services to Underperform from Neutral as he warned that distribution cuts are likely ahead. Bellamy noted that Emerge Energy announced preliminary 2015 DPU guidance of $8.00/unit, but lowered it to $3.00 in April, and again lowered it in August to $2.50-$3.00 before cutting guidance completely Thursday. Baird is now modeling DPU of $2.35/unit in 2015 versus current consensus of $2.55/unit. Fracking sand prices continue to be under pressure due to renegotiated contracts and reduced spending by exploration and production companies, the analyst added. Additionally, Baird warned of a possible covenant breach in the future. The firm noted that Emerge Energy is in ongoing discussions with its lenders to seek a prospective waiver on its covenants. Another research firm, Stifel, downgraded shares of Emerge Energy to Sell from Hold. The firm significantly reduced its estimates and thinks the stock has several negative catalysts. It predicted there will be additional downward pressure on the shares. PRICE ACTION: In afternoon trading, shares of Emerge Energy are down 29.75% to $8.24. OTHERS TO WATCH: Other sand proppant producers are trading lower in afternoon trading, with U.S. Silica down almost 10%, Hi-Crush Partners falling 12.7%, CARBO Ceramics dropping 5.4%, and Fairmount Santrol Holdings declining over 8%.

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