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.
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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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