Hi-Crush Partners (HCLP) Sets New 52-Week Low at $5.26

Share on StockTwits

Hi-Crush Partners LP (NYSE:HCLP) shares reached a new 52-week low on Thursday . The company traded as low as $5.26 and last traded at $5.12, with a volume of 25961 shares changing hands. The stock had previously closed at $5.40.

HCLP has been the topic of a number of recent research reports. Piper Jaffray Companies set a $10.00 price objective on shares of Hi-Crush Partners and gave the company a “hold” rating in a research note on Tuesday, October 2nd. R. F. Lafferty set a $10.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a research note on Tuesday. Barclays started coverage on shares of Hi-Crush Partners in a research note on Thursday, August 16th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Finally, B. Riley lowered their target price on shares of Hi-Crush Partners from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, September 6th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Hi-Crush Partners has an average rating of “Hold” and a consensus target price of $11.73.

The firm has a market cap of $532.60 million, a P/E ratio of 4.96 and a beta of 1.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.18 and a current ratio of 2.70.

Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Tuesday, October 30th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The company had revenue of $213.97 million during the quarter, compared to the consensus estimate of $212.11 million. Hi-Crush Partners had a net margin of 21.37% and a return on equity of 24.52%. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, analysts expect that Hi-Crush Partners LP will post 1.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st were issued a $0.225 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.90 annualized dividend and a dividend yield of 17.96%. Hi-Crush Partners’s dividend payout ratio is currently 89.11%.

In other news, insider William E. Barker sold 9,444 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $12.40, for a total value of $117,105.60. Following the completion of the sale, the insider now owns 17,968 shares in the company, valued at $222,803.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 34.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Management Inc. purchased a new stake in Hi-Crush Partners during the third quarter worth about $191,000. LPL Financial LLC increased its holdings in Hi-Crush Partners by 16.0% during the third quarter. LPL Financial LLC now owns 52,276 shares of the basic materials company’s stock worth $565,000 after buying an additional 7,223 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in Hi-Crush Partners by 1,251.7% during the third quarter. First Republic Investment Management Inc. now owns 497,293 shares of the basic materials company’s stock worth $5,371,000 after buying an additional 460,503 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Hi-Crush Partners during the third quarter worth about $151,000. Finally, McGowan Group Asset Management Inc. increased its holdings in Hi-Crush Partners by 152.6% during the third quarter. McGowan Group Asset Management Inc. now owns 98,055 shares of the basic materials company’s stock worth $1,059,000 after buying an additional 59,230 shares during the last quarter. Institutional investors and hedge funds own 13.35% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Hi-Crush Partners (HCLP) Sets New 52-Week Low at $5.26” was first published by BBNS and is owned by of BBNS. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://baseballnewssource.com/2018/12/08/hi-crush-partners-hclp-sets-new-52-week-low-at-5-26/3064645.html.

Hi-Crush Partners Company Profile (NYSE:HCLP)

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.

Read More: S&P 500 Index

Receive News & Ratings for Hi-Crush Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.