R. F. Lafferty lowered shares of Hi-Crush Partners (NYSE:HCLP) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat reports. The brokerage currently has $4.00 price target on the basic materials company’s stock, down from their previous price target of $10.00.

HCLP has been the topic of several other reports. Credit Suisse Group lowered Hi-Crush Partners from a neutral rating to an underperform rating and cut their target price for the stock from $6.00 to $3.00 in a research report on Wednesday, December 19th. Piper Jaffray Companies set a $10.00 price objective on Hi-Crush Partners and gave the company a hold rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered Hi-Crush Partners from a hold rating to a sell rating in a research report on Thursday, October 25th. Barclays lowered Hi-Crush Partners from an equal weight rating to an underweight rating and set a $5.00 price objective on the stock. in a research report on Friday, November 2nd. Finally, Jefferies Financial Group lowered Hi-Crush Partners from a hold rating to an underperform rating and set a $6.00 price objective on the stock. in a research report on Wednesday, October 17th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Hi-Crush Partners currently has a consensus rating of Hold and a consensus price target of $10.70.

Shares of Hi-Crush Partners stock opened at $3.60 on Monday. Hi-Crush Partners has a fifty-two week low of $3.19 and a fifty-two week high of $16.65. The firm has a market cap of $437.78 million, a price-to-earnings ratio of 3.56 and a beta of 1.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.18 and a current ratio of 2.70.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $213.97 million for the quarter, compared to analyst estimates of $212.11 million. Hi-Crush Partners had a return on equity of 24.52% and a net margin of 21.37%. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS. Analysts expect that Hi-Crush Partners will post 1.55 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. grew its stake in shares of Hi-Crush Partners by 40.2% during the fourth quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 3,300 shares in the last quarter. B. Riley Financial Inc. grew its stake in shares of Hi-Crush Partners by 12.7% during the third quarter. B. Riley Financial Inc. now owns 41,625 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 4,707 shares in the last quarter. B. Riley Wealth Management Inc. acquired a new stake in shares of Hi-Crush Partners during the third quarter valued at about $191,000. LPL Financial LLC grew its stake in shares of Hi-Crush Partners by 16.0% during the third quarter. LPL Financial LLC now owns 52,276 shares of the basic materials company’s stock valued at $565,000 after acquiring an additional 7,223 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its stake in shares of Hi-Crush Partners by 1,251.7% during the third quarter. First Republic Investment Management Inc. now owns 497,293 shares of the basic materials company’s stock valued at $5,371,000 after acquiring an additional 460,503 shares in the last quarter. Institutional investors own 13.35% of the company’s stock.

About Hi-Crush Partners

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.

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

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