Jefferies Group LLC set a $15.00 target price on Hi-Crush Partners LP (NYSE:HCLP) in a research report sent to investors on Thursday, October 5th. The firm currently has a buy rating on the basic materials company’s stock.
HCLP has been the subject of several other research reports. Piper Jaffray Companies assumed coverage on shares of Hi-Crush Partners in a report on Monday, September 25th. They issued an overweight rating and a $11.75 target price for the company. BidaskClub lowered shares of Hi-Crush Partners from a hold rating to a sell rating in a report on Wednesday, September 13th. ValuEngine upgraded shares of Hi-Crush Partners from a sell rating to a hold rating in a report on Monday, October 2nd. Credit Suisse Group decreased their price objective on shares of Hi-Crush Partners from $24.00 to $12.00 and set an outperform rating for the company in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of Hi-Crush Partners from a sell rating to a hold rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $16.58.
Shares of Hi-Crush Partners (HCLP) opened at 8.95 on Thursday. The firm’s 50-day moving average price is $9.10 and its 200 day moving average price is $11.21. The company’s market capitalization is $814.72 million. Hi-Crush Partners has a 1-year low of $7.25 and a 1-year high of $23.30.
Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $138.61 million. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%. The business’s revenue was up 251.9% on a year-over-year basis. During the same period last year, the company posted ($0.26) EPS. Equities analysts predict that Hi-Crush Partners will post $1.03 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of HCLP. Goldman Sachs Group Inc. increased its position in Hi-Crush Partners by 86.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,371,553 shares of the basic materials company’s stock valued at $75,847,000 after purchasing an additional 2,027,256 shares during the period. Morgan Stanley grew its position in shares of Hi-Crush Partners by 19.5% in the 1st quarter. Morgan Stanley now owns 10,011,999 shares of the basic materials company’s stock worth $173,709,000 after buying an additional 1,633,971 shares during the last quarter. ING Groep NV grew its position in shares of Hi-Crush Partners by 653.7% in the 2nd quarter. ING Groep NV now owns 1,390,552 shares of the basic materials company’s stock worth $15,087,000 after buying an additional 1,206,058 shares during the last quarter. Bronson Point Management LLC purchased a new position in shares of Hi-Crush Partners in the 1st quarter worth approximately $13,880,000. Finally, SG Capital Management LLC purchased a new position in shares of Hi-Crush Partners in the 2nd quarter worth approximately $6,630,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.
About Hi-Crush Partners
Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
Receive News & Ratings for Hi-Crush Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners LP and related companies with our FREE daily email newsletter.