ValuEngine upgraded shares of Hi-Crush Partners (NYSE:HCLP) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
A number of other research analysts have also recently commented on the company. Piper Jaffray Companies reiterated a buy rating and issued a $12.00 price target on shares of Hi-Crush Partners in a research note on Wednesday, March 28th. Guggenheim reiterated a buy rating and issued a $20.00 price target on shares of Hi-Crush Partners in a research note on Friday, February 23rd. Stephens started coverage on Hi-Crush Partners in a research note on Thursday, April 12th. They issued an overweight rating and a $16.00 price target for the company. Mizuho reiterated a buy rating and issued a $15.00 price target on shares of Hi-Crush Partners in a research note on Wednesday, April 11th. Finally, Zacks Investment Research raised Hi-Crush Partners from a hold rating to a buy rating and set a $13.00 target price for the company in a research report on Thursday, April 19th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Hi-Crush Partners has a consensus rating of Buy and a consensus price target of $15.67.
Hi-Crush Partners opened at $11.90 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.57. Hi-Crush Partners has a fifty-two week low of $7.25 and a fifty-two week high of $14.85. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 7.39 and a beta of 1.14.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Hi-Crush Partners had a return on equity of 18.78% and a net margin of 19.44%. The company had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $212.05 million. During the same period in the prior year, the company earned ($0.07) EPS. Hi-Crush Partners’s revenue was up 161.5% compared to the same quarter last year. analysts predict that Hi-Crush Partners will post 2.92 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Salzhauer Michael acquired a new stake in Hi-Crush Partners during the 1st quarter worth about $106,000. Staley Capital Advisers Inc. acquired a new stake in Hi-Crush Partners during the 1st quarter worth about $106,000. Advisor Group Inc. grew its holdings in Hi-Crush Partners by 27.0% during the 4th quarter. Advisor Group Inc. now owns 20,047 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 4,267 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Hi-Crush Partners by 213.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,278 shares of the basic materials company’s stock worth $363,000 after acquiring an additional 23,343 shares during the period. Finally, LPL Financial LLC grew its holdings in Hi-Crush Partners by 95.6% during the 1st quarter. LPL Financial LLC now owns 41,292 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 20,184 shares during the period. 27.37% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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