US Silica Poised for a Robust Growth Despite a 50% Dividend Cut

Notwithstanding a fall in oil prices last year, US Silica had a relatively good performance in 2015 and is positioned to experience fantastic growth in the years ahead. Although, the stock prices of oil dependent companies fell during the past year, US Silica fared better than its competitors such as Fairmount Santrol, Hi-Crush Partners, and Emerge Energy Services. The fall in capital spending by oil and gas companies on new drilling, resulted in a fall in the demand for frack sand and a fall in prices. US Silica saw a fall in prices of 35.1% between Q1 and Q4 of 2015 from $88.12 per ton to $57.21.

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