A director at US Silica Holdings Inc sold 42,605 shares at 15.550USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Upgrading Materials to Market Weight We have discussed for weeks that we will need to see the S&P 500 and Nasdaq 100 (QQQ) close below their 20-day MAs for 2-3 consecutive days in order to get more cautious. This still has not happened, meaning the short-term trend remains bullish. Closes below their 20-day MAs have been extremely rare since the October 2023 bottom, with buyers stepping-in immediately. Still, we need to be prepared. If we do get 2-3 closes below the 20-day MAs on the S&P 500 an...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
US SILICA HOLDINGS (US), a company active in the Non Ferrous Metals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date February 18, 2022, the c...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...
Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breeched 15-plus year lows. For oilfield service companies, we think the market is pricin...
U.S. Silica posted solid first-quarter results, considering industry headwinds. Revenue increased 6% sequentially thanks to a 7% increase in proppant segment sales and a 4% increase in industrial segment sales. Adjusted operating margins improved to 1% from negative 2% in the prior quarter thanks to improving proppant segment margins as well as a decrease in corporate-level expenses (which include startup costs associated with the company's new West Texas mines). Our fair value estimate and no-m...
U.S. Silica posted solid first-quarter results, considering industry headwinds. Revenue increased 6% sequentially thanks to a 7% increase in proppant segment sales and a 4% increase in industrial segment sales. Adjusted operating margins improved to 1% from negative 2% in the prior quarter thanks to improving proppant segment margins as well as a decrease in corporate-level expenses (which include startup costs associated with the company's new West Texas mines). Our fair value estimate and no-m...
In our view, 128 million tons of annual proppant supply--nearly double the 67 million tons of peak demand in 2014--will be needed to fulfill the call on North American shale oil and gas production by 2022 and afterward. This is driven by a 150% increase in proppant use per well. On face value, this massively increased proppant demand would seem to augur quite positively for proppant suppliers.However, a vast amount of low-cost frac sand has been uncovered in the heart of the Permian Basin, which...
In our view, 128 million tons of annual proppant supply--nearly double the 67 million tons of peak demand in 2014--will be needed to fulfill the call on North American shale oil and gas production by 2022 and afterward. This is driven by a 150% increase in proppant use per well. On face value, this massively increased proppant demand would seem to augur quite positively for proppant suppliers.However, a vast amount of low-cost frac sand has been uncovered in the heart of the Permian Basin, which...
U.S. Silica reported weak fourth-quarter results, chiefly owing to the downturn in frac sand demand. Revenue decreased sequentially 16% overall with oil & gas proppant segment revenue decreasing 19%. Volumes were actually only down about 3% as the company gained share with the ramp-up in production at its Crane facility in the Permian Basin. However, pricing suffered immensely, with a lower average selling price accounting for most of the top-line drop. Additionally, lower pricing led to a f...
U.S. Silica reported weak fourth-quarter results, chiefly owing to the downturn in frac sand demand. Revenue decreased sequentially 16% overall with oil & gas proppant segment revenue decreasing 19%. Volumes were actually only down about 3% as the company gained share with the ramp-up in production at its Crane facility in the Permian Basin. However, pricing suffered immensely, with a lower average selling price accounting for most of the top-line drop. Additionally, lower pricing led to a fall ...
U.S. Silica reported weak fourth-quarter results, chiefly owing to the downturn in frac sand demand. Revenue decreased sequentially 16% overall with oil & gas proppant segment revenue decreasing 19%. Volumes were actually only down about 3% as the company gained share with the ramp-up in production at its Crane facility in the Permian Basin. However, pricing suffered immensely, with a lower average selling price accounting for most of the top-line drop. Additionally, lower pricing led to a f...
We are lowering our fair value estimates for all covered frac sand companies to update for recent industry developments, most notably deteriorating pricing in the face of continued low-cost sand additions. Our U.S. Silica fair value estimate moves to $15.50 per share from $24.50, Covia to $7 from $15.75, Smart Sand to $3 from $6, and Hi-Crush to $8.50 per unit from $11.50. Our no-moat ratings for each of the companies remain in place. We are also increasing our uncertainty rating for U.S. Silic...
In our view, 128 million tons of annual proppant supply--nearly double the 67 million tons of peak demand in 2014--will be needed to fulfill the call on North American shale oil and gas production by 2022 and afterward. This is driven by a 150% increase in proppant use per well. On face value, this massively increased proppant demand would seem to augur quite positively for proppant suppliers.However, a vast amount of low-cost frac sand has been uncovered in the heart of the Permian Basin, which...
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