Hi-Crush Partners (HCLP) Upgraded to Hold by ValuEngine

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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.

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

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