Jefferies Group LLC set a $15.00 price target on Hi-Crush Partners LP (NYSE:HCLP) in a research note released on Thursday. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also recently weighed in on HCLP. ValuEngine cut Hi-Crush Partners from a hold rating to a sell rating in a research report on Thursday, June 15th. Johnson Rice initiated coverage on Hi-Crush Partners in a research report on Friday, June 23rd. They issued an accumulate rating and a $17.00 price target for the company. Zacks Investment Research cut Hi-Crush Partners from a hold rating to a sell rating in a research report on Wednesday, July 12th. Credit Suisse Group dropped their price target on Hi-Crush Partners from $24.00 to $12.00 and set an outperform rating for the company in a research report on Thursday, July 20th. Finally, BidaskClub cut Hi-Crush Partners from a hold rating to a sell rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Hi-Crush Partners currently has a consensus rating of Buy and an average price target of $16.58.

Shares of Hi-Crush Partners (NYSE HCLP) opened at 9.20 on Thursday. The company has a 50-day moving average of $8.82 and a 200 day moving average of $11.49. Hi-Crush Partners has a one year low of $7.25 and a one year high of $23.30. The stock’s market cap is $837.48 million.

Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $138.61 million. Hi-Crush Partners had a negative return on equity of 1.58% and a negative net margin of 2.53%. Hi-Crush Partners’s revenue was up 251.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.26) earnings per share. On average, equities analysts forecast that Hi-Crush Partners will post $1.03 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/08/jefferies-group-llc-reiterates-15-00-price-target-for-hi-crush-partners-lp-hclp.html.

Institutional investors have recently bought and sold shares of the stock. Strid Group LLC purchased a new stake in Hi-Crush Partners during the 2nd quarter worth about $109,000. S. Muoio & CO. LLC purchased a new stake in Hi-Crush Partners during the 2nd quarter worth about $111,000. Bank of New York Mellon Corp purchased a new stake in Hi-Crush Partners during the 1st quarter worth about $209,000. NEXT Financial Group Inc increased its position in Hi-Crush Partners by 761.9% during the 2nd quarter. NEXT Financial Group Inc now owns 13,575 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new stake in Hi-Crush Partners during the 2nd quarter worth about $157,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

About Hi-Crush Partners

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

Receive News & Stock Ratings for Hi-Crush Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners LP and related stocks with our FREE daily email newsletter.