U.S. Silica (SLCA) Capacity Expansion is Credit-Positive Development - Moody's
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Price: $12.80 -1.31%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.5%
Revenue Growth %: -24.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.5%
Revenue Growth %: -24.4%
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Moody's says U.S Silica Holdings, Inc.'s, the parent of U.S. Silica (NYSE: SLCA), announced plans to add approximately 3.8 million tons of new capacity is a credit positive. This additional capacity will provide U.S. Silica with more product to meet increasing demand of its customers for northern white frac sand at a time when demand is outstripping supply.
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