Hi-Crush Partners LP (NYSE:HCLP) Receives $11.24 Average PT from Analysts
Shares of Hi-Crush Partners LP (NYSE:HCLP) have received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.24.
HCLP has been the subject of several recent research reports. Jefferies Group raised Hi-Crush Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $6.00 to $20.00 in a research note on Monday, July 11th. Ladenburg Thalmann boosted their target price on Hi-Crush Partners from $7.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Zacks Investment Research upgraded Hi-Crush Partners from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Wednesday, July 6th. Raymond James Financial Inc. upgraded Hi-Crush Partners from a “market perform” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Wednesday, June 15th. Finally, DA Davidson lowered Hi-Crush Partners from a “buy” rating to an “underperform” rating and set a $10.00 target price for the company. in a report on Monday, June 13th.
Hi-Crush Partners (NYSE:HCLP) opened at 15.15 on Monday. The stock’s market cap is $744.46 million. Hi-Crush Partners has a 12 month low of $3.55 and a 12 month high of $16.81. The firm’s 50-day moving average is $14.33 and its 200-day moving average is $10.25.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.04. The company earned $38.40 million during the quarter, compared to analyst estimates of $47.84 million. The business’s quarterly revenue was down 54.2% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that Hi-Crush Partners will post ($0.69) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Hi-Crush Partners by 2.3% in the second quarter. Royal Bank of Canada now owns 26,532 shares of the company’s stock worth $346,000 after buying an additional 595 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Hi-Crush Partners during the second quarter worth approximately $992,000. GLG Partners LP purchased a new position in shares of Hi-Crush Partners during the second quarter worth approximately $3,274,000. Toronto Dominion Bank purchased a new position in shares of Hi-Crush Partners during the second quarter worth approximately $758,000. Finally, Omega Advisors Inc. purchased a new position in shares of Hi-Crush Partners during the second quarter worth approximately $1,307,000.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
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