R. F. Lafferty Begins Coverage on Hi-Crush Partners (HCLP)

Stock analysts at R. F. Lafferty assumed coverage on shares of Hi-Crush Partners (NYSE:HCLP) in a report issued on Wednesday. The brokerage set a “buy” rating and a $23.00 price target on the basic materials company’s stock. R. F. Lafferty’s price objective indicates a potential upside of 89.30% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Piper Jaffray Companies set a $12.00 target price on shares of Hi-Crush Partners and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Barclays initiated coverage on shares of Hi-Crush Partners in a research note on Friday, December 15th. They set an “equal weight” rating and a $12.00 target price for the company. Seaport Global Securities initiated coverage on shares of Hi-Crush Partners in a research note on Friday, December 8th. They set a “buy” rating and a $17.00 target price for the company. Finally, Cowen set a $12.00 target price on shares of Hi-Crush Partners and gave the company a “buy” rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.07.

Shares of Hi-Crush Partners (NYSE:HCLP) opened at $12.15 on Wednesday. The firm has a market cap of $1,142.44, a price-to-earnings ratio of 39.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.29 and a current ratio of 1.77. Hi-Crush Partners has a 12 month low of $7.25 and a 12 month high of $23.30.

Several hedge funds have recently modified their holdings of HCLP. First National Bank of Mount Dora Trust Investment Services bought a new position in Hi-Crush Partners in the 4th quarter worth $107,000. GSA Capital Partners LLP bought a new position in Hi-Crush Partners in the 3rd quarter worth $129,000. Advisor Group Inc. boosted its holdings in Hi-Crush Partners by 80.5% in the 3rd quarter. Advisor Group Inc. now owns 15,780 shares of the basic materials company’s stock worth $151,000 after buying an additional 7,036 shares during the period. CAPROCK Group Inc. bought a new position in Hi-Crush Partners in the 3rd quarter worth $190,000. Finally, K.J. Harrison & Partners Inc bought a new position in Hi-Crush Partners in the 3rd quarter worth $190,000. 40.98% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was first posted by BBNS and is the sole property of of BBNS. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://baseballnewssource.com/markets/r-f-lafferty-begins-coverage-on-hi-crush-partners-hclp/1885766.html.

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.

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

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

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.