Wall Street analysts expect Hi-Crush Partners LP (NYSE:HCLP) to announce sales of $182.22 million for the current quarter, Zacks reports. Six analysts have issued estimates for Hi-Crush Partners’ earnings, with the highest sales estimate coming in at $207.00 million and the lowest estimate coming in at $158.80 million. Hi-Crush Partners reported sales of $218.11 million during the same quarter last year, which would suggest a negative year over year growth rate of 16.5%. The company is expected to announce its next earnings results on Tuesday, May 7th.
According to Zacks, analysts expect that Hi-Crush Partners will report full-year sales of $827.73 million for the current financial year, with estimates ranging from $691.10 million to $919.91 million. For the next financial year, analysts expect that the business will report sales of $904.24 million, with estimates ranging from $729.90 million to $1.03 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Hi-Crush Partners.
Hi-Crush Partners (NYSE:HCLP) last issued its earnings results on Tuesday, February 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). Hi-Crush Partners had a net margin of 16.44% and a return on equity of 17.49%. The company had revenue of $162.20 million during the quarter, compared to analysts’ expectations of $145.45 million. During the same period last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was down 24.2% on a year-over-year basis.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. UBS Group set a $4.00 target price on shares of Hi-Crush Partners and gave the company a “hold” rating in a report on Monday, January 14th. R. F. Lafferty cut shares of Hi-Crush Partners from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.00 to $4.00 in a report on Monday, January 7th. B. Riley reaffirmed a “neutral” rating and issued a $6.50 target price (down from $10.00) on shares of Hi-Crush Partners in a report on Tuesday, January 8th. Finally, Cantor Fitzgerald cut shares of Hi-Crush Partners from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $10.50.
Several institutional investors and hedge funds have recently modified their holdings of HCLP. CoreCommodity Management LLC acquired a new stake in Hi-Crush Partners during the fourth quarter worth approximately $27,000. Sage Capital Advisors llc boosted its position in Hi-Crush Partners by 72.9% during the fourth quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,400 shares during the last quarter. North Star Investment Management Corp. boosted its position in Hi-Crush Partners by 40.2% during the fourth quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 3,300 shares during the last quarter. Lake Point Wealth Management acquired a new stake in Hi-Crush Partners during the fourth quarter worth approximately $50,000. Finally, Hsbc Holdings PLC acquired a new stake in Hi-Crush Partners during the fourth quarter worth approximately $58,000. 11.76% of the stock is owned by institutional investors and hedge funds.
Shares of Hi-Crush Partners stock opened at $4.30 on Thursday. Hi-Crush Partners has a 12-month low of $3.19 and a 12-month high of $16.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.85 and a quick ratio of 2.18. The stock has a market capitalization of $426.48 million, a price-to-earnings ratio of 2.89 and a beta of 1.98.
Hi-Crush Partners Company Profile
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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