BidaskClub Upgrades Hi-Crush Partners LP (HCLP) to Sell
BidaskClub upgraded shares of Hi-Crush Partners LP (NYSE:HCLP) from a strong sell rating to a sell rating in a research note published on Saturday.
Other equities research analysts have also recently issued research reports about the company. Johnson Rice assumed coverage on Hi-Crush Partners in a research note on Friday, June 23rd. They issued an accumulate rating and a $17.00 price target on the stock. UBS AG dropped their price target on Hi-Crush Partners from $23.00 to $17.00 and set a buy rating on the stock in a research note on Friday, August 4th. Mizuho assumed coverage on Hi-Crush Partners in a research note on Wednesday, May 3rd. They issued a buy rating and a $20.00 price target on the stock. Jefferies Group LLC restated a buy rating and issued a $30.00 price target on shares of Hi-Crush Partners in a research note on Tuesday, May 30th. Finally, Zacks Investment Research raised Hi-Crush Partners from a sell rating to a hold rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $18.55.
Shares of Hi-Crush Partners (NYSE HCLP) opened at 7.95 on Friday. The stock’s market capitalization is $723.69 million. The firm’s 50-day moving average is $8.56 and its 200 day moving average is $13.44. 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 released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Hi-Crush Partners had a negative return on equity of 1.58% and a negative net margin of 2.53%. The firm had revenue of $135.22 million for the quarter, compared to analysts’ expectations of $138.61 million. During the same quarter in the previous year, the business posted ($0.26) EPS. The business’s quarterly revenue was up 251.9% compared to the same quarter last year. On average, analysts expect that Hi-Crush Partners will post $1.04 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of HCLP. Raymond James Financial Services Advisors Inc. increased its position in Hi-Crush Partners by 70.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 112,370 shares of the basic materials company’s stock valued at $1,219,000 after buying an additional 46,378 shares in the last quarter. TVR Capital Management LP purchased a new position in Hi-Crush Partners during the second quarter valued at approximately $667,000. Royal Bank of Canada increased its position in Hi-Crush Partners by 31.7% in the second quarter. Royal Bank of Canada now owns 45,522 shares of the basic materials company’s stock valued at $494,000 after buying an additional 10,950 shares in the last quarter. L & S Advisors Inc increased its position in Hi-Crush Partners by 56.6% in the second quarter. L & S Advisors Inc now owns 51,375 shares of the basic materials company’s stock valued at $557,000 after buying an additional 18,575 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Hi-Crush Partners by 67.7% in the second quarter. Stifel Financial Corp now owns 27,238 shares of the basic materials company’s stock valued at $296,000 after buying an additional 11,000 shares in the last quarter. Hedge funds and other institutional investors own 50.66% 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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