Shares of Hi-Crush Partners LP (NYSE:HCLP) have received an average rating of “Hold” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.73.
HCLP has been the topic of several research reports. Credit Suisse Group downgraded shares of Hi-Crush Partners from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $6.00 to $3.00 in a report on Wednesday, December 19th. R. F. Lafferty set a $10.00 price objective on shares of Hi-Crush Partners and gave the stock a “buy” rating in a report on Tuesday, December 4th. B. Riley restated a “neutral” rating and set a $6.50 price objective (down previously from $10.00) on shares of Hi-Crush Partners in a report on Tuesday, January 8th. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Finally, Cantor Fitzgerald downgraded shares of Hi-Crush Partners from a “neutral” rating to an “underweight” rating in a report on Wednesday, December 19th.
Several hedge funds have recently made changes to their positions in HCLP. CoreCommodity Management LLC purchased a new stake in Hi-Crush Partners in the fourth quarter worth $27,000. Sage Capital Advisors llc raised its holdings in shares of Hi-Crush Partners by 72.9% in the 4th quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,400 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Hi-Crush Partners by 40.2% in the 4th quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock valued at $41,000 after buying an additional 3,300 shares during the period. Lake Point Wealth Management purchased a new stake in Hi-Crush Partners during the 4th quarter worth about $50,000. Finally, Hsbc Holdings PLC purchased a new stake in Hi-Crush Partners during the 4th quarter worth about $58,000. Institutional investors own 8.49% of the company’s stock.
HCLP traded down $0.05 during trading on Friday, reaching $4.24. 1,345,038 shares of the company’s stock were exchanged, compared to its average volume of 1,196,148. Hi-Crush Partners has a one year low of $3.19 and a one year 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 1.48. The firm has a market capitalization of $433.55 million, a price-to-earnings ratio of 2.85 and a beta of 1.95.
Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data on Tuesday, February 5th. The basic materials company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). The firm had revenue of $162.20 million during the quarter, compared to the consensus estimate of $145.45 million. Hi-Crush Partners had a net margin of 16.44% and a return on equity of 17.49%. The company’s revenue for the quarter was down 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. As a group, equities research analysts predict that Hi-Crush Partners will post 0.2 EPS for the current year.
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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