U.S. Silica has high-quality sand mines, but its ability to create value via logistics is limited.
Following the release of fourth-quarter results from frac sand producers Hi-Crush Partners and U.S. Silica earlier this week, the share price of the latter plunged over 15% owing to investor disappointment about the lack of sequential margin improvement, whereas the share price of the former remained relatively steady. With that movement, the valuation discrepancy between Hi-Crush and U.S. Silica that we have called out for nearly a year finally closed, with both companies' shares now looking ap...U.S. Silica Holdings is a holding company. Through its subsidiaries, the company is a performance materials company and a producer of commercial silica used in industrial applications and in the oil and gas industry. The company is also engaged in the production of products derived from diatomaceous earth, perlite, engineered clays, and non-activated clays. The company's segments include: Oil and Gas Proppants, which serves the oil and gas recovery market by providing and delivering fracturing sand; and Industrial and Specialty Products, which provides products and materials for building and construction products, fillers and extenders, filtration, glassmaking, absorbents, foundry, and sports and recreation.
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