Somewhat Positive Media Coverage Somewhat Unlikely to Affect Hi Crush Partners (HCLP) Share Price
Media headlines about Hi Crush Partners (NYSE:HCLP) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hi Crush Partners earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.4592298442307 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- The Timing Is Right For Hi-Crush Partners LP (seekingalpha.com)
- Bull Of The Day Hi-Crush Partners (HCLP) (finance.yahoo.com)
- Barclays Reiterates “$15.00” Price Target for Hi Crush Partners (HCLP) (americanbankingnews.com)
- Bet on 5 High-Flying Stocks with Relative Price Strength (finance.yahoo.com)
- Hi Crush Partners LP (HCLP) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
HCLP has been the subject of several research reports. Guggenheim set a $18.00 price objective on Hi Crush Partners and gave the stock a “buy” rating in a report on Monday, April 16th. ValuEngine raised Hi Crush Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 8th. R. F. Lafferty began coverage on Hi Crush Partners in a report on Wednesday, February 14th. They issued a “buy” rating and a $23.00 price target for the company. Barclays set a $15.00 price target on Hi Crush Partners and gave the stock a “hold” rating in a report on Tuesday, May 8th. Finally, Piper Jaffray reissued a “buy” rating and issued a $12.00 price target on shares of Hi Crush Partners in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.06.
Hi Crush Partners (NYSE:HCLP) last announced its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $216.46 million during the quarter, compared to the consensus estimate of $199.50 million. Hi Crush Partners had a return on equity of 18.78% and a net margin of 19.44%. research analysts anticipate that Hi Crush Partners will post 2.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, April 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.55%. This is an increase from Hi Crush Partners’s previous quarterly dividend of $0.20. Hi Crush Partners’s payout ratio is currently 89.11%.
About Hi Crush Partners
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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