Cowen and Company reissued their buy rating on shares of Hi-Crush Partners LP (NYSE:HCLP) in a research report report published on Sunday morning. The firm currently has a $12.00 price objective on the basic materials company’s stock.
A number of other analysts also recently weighed in on the stock. BidaskClub downgraded shares of Hi-Crush Partners from a hold rating to a sell rating in a research report on Wednesday, September 13th. Janney Montgomery Scott assumed coverage on shares of Hi-Crush Partners in a research report on Wednesday, September 6th. They set a neutral rating and a $10.00 price target for the company. Jefferies Group LLC set a $15.00 price target on shares of Hi-Crush Partners and gave the stock a buy rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of Hi-Crush Partners from a sell rating to a hold rating in a report on Tuesday, August 8th. Finally, UBS AG decreased their price objective on shares of Hi-Crush Partners from $23.00 to $17.00 and set a buy rating for the company in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $17.50.
Hi-Crush Partners (NYSE:HCLP) opened at 9.35 on Friday. Hi-Crush Partners has a one year low of $7.25 and a one year high of $23.30. The firm’s market cap is $851.13 million. The stock has a 50 day moving average of $8.20 and a 200 day moving average of $12.04.
Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%. The business had revenue of $135.22 million during the quarter, compared to the consensus estimate of $138.61 million. During the same quarter last year, the company earned ($0.26) earnings per share. The business’s quarterly revenue was up 251.9% compared to the same quarter last year. On average, equities analysts forecast that Hi-Crush Partners will post $1.04 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HCLP. Bank of New York Mellon Corp bought a new stake in shares of Hi-Crush Partners during the first quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. grew its position in Hi-Crush Partners by 26.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 65,992 shares of the basic materials company’s stock valued at $1,145,000 after acquiring an additional 13,992 shares during the period. Stifel Financial Corp bought a new stake in Hi-Crush Partners in the first quarter valued at $281,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Hi-Crush Partners in the first quarter valued at $3,123,000. Finally, Deprince Race & Zollo Inc. bought a new stake in Hi-Crush Partners in the first quarter valued at $191,000. Institutional investors and hedge funds own 50.40% of the company’s stock.
Hi-Crush Partners Company Profile
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.
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