SCP Investment LP Invests $742,000 in Hi-Crush Partners LP (NYSE:HCLP) Stock

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SCP Investment LP purchased a new stake in Hi-Crush Partners LP (NYSE:HCLP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 70,000 shares of the basic materials company’s stock, valued at approximately $742,000. SCP Investment LP owned approximately 0.08% of Hi-Crush Partners as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of HCLP. Salzhauer Michael bought a new stake in shares of Hi-Crush Partners in the 1st quarter valued at about $106,000. Staley Capital Advisers Inc. purchased a new position in Hi-Crush Partners during the 1st quarter valued at about $106,000. Advisor Group Inc. increased 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 valued at $215,000 after purchasing an additional 4,267 shares during the period. Penn Capital Management Co. Inc. increased its holdings in Hi-Crush Partners by 44.8% during the 4th quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 7,513 shares during the period. Finally, Balter Liquid Alternatives LLC purchased a new position in Hi-Crush Partners during the 4th quarter valued at about $449,000. 27.37% of the stock is owned by institutional investors.

Shares of Hi-Crush Partners opened at $11.90 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 1.57, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.03 billion, a P/E ratio of 11.78 and a beta of 1.14. Hi-Crush Partners LP has a 12 month low of $7.25 and a 12 month high of $14.85.

Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Hi-Crush Partners had a net margin of 19.44% and a return on equity of 18.78%. The business had revenue of $218.10 million during the quarter, compared to the consensus estimate of $212.05 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The firm’s quarterly revenue was up 161.5% compared to the same quarter last year. sell-side analysts forecast that Hi-Crush Partners LP will post 2.92 earnings per share for the current year.

A number of research analysts have weighed in on the company. AltaCorp Capital reiterated an “outperform” rating on shares of Hi-Crush Partners in a report on Monday, May 14th. Barclays set a $15.00 price target on Hi-Crush Partners and gave the stock a “hold” rating in a research note on Tuesday, May 8th. ValuEngine upgraded Hi-Crush Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 8th. Zacks Investment Research raised Hi-Crush Partners from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, April 19th. Finally, Stephens assumed coverage on Hi-Crush Partners in a research report on Thursday, April 12th. They issued an “overweight” rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Hi-Crush Partners currently has an average rating of “Buy” and a consensus price target of $15.67.

Hi-Crush Partners 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.

Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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