Zacks Investment Research lowered shares of Hi-Crush Partners (NYSE:HCLP) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Hi-Crush has underperformed the industry it belongs to over the past three months. An expected decline in frac sand demand and slowdown in well completion activity is likely to hurt Hi-Crush’s margins. The partnership also faces headwind from pricing weakness in Northern White sand. Rising SG&A expenses are also affecting margins. The partnership’s high-debt level is another concern.”

Several other analysts also recently issued reports on HCLP. ValuEngine downgraded shares of Hi-Crush Partners from a sell rating to a strong sell rating in a report on Thursday, September 27th. Raymond James downgraded shares of Hi-Crush Partners from a strong-buy rating to a market perform rating in a report on Thursday, September 27th. Piper Jaffray Companies set a $10.00 price objective on shares of Hi-Crush Partners and gave the stock a hold rating in a report on Tuesday, October 2nd. Johnson Rice downgraded shares of Hi-Crush Partners from an accumulate rating to a hold rating and set a $14.00 price objective for the company. in a report on Wednesday, October 3rd. Finally, Credit Suisse Group downgraded shares of Hi-Crush Partners from an outperform rating to a neutral rating and decreased their price objective for the stock from $14.00 to $11.00 in a report on Wednesday, October 3rd. Seven equities research 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. The company presently has an average rating of Hold and a consensus price target of $10.70.

HCLP stock traded up $0.05 during trading hours on Tuesday, hitting $3.98. The company’s stock had a trading volume of 41,294 shares, compared to its average volume of 2,399,678. The company has a quick ratio of 2.18, a current ratio of 2.70 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $369.19 million, a price-to-earnings ratio of 3.95 and a beta of 1.84. Hi-Crush Partners has a 12 month low of $3.19 and a 12 month high of $16.65.

Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The business had revenue of $213.97 million during the quarter, compared to the consensus estimate of $212.11 million. Hi-Crush Partners had a net margin of 21.37% and a return on equity of 24.52%. Hi-Crush Partners’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. On average, research analysts expect that Hi-Crush Partners will post 1.53 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. raised its stake in Hi-Crush Partners by 40.2% during the 4th quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 3,300 shares during the last quarter. B. Riley Financial Inc. raised its stake in Hi-Crush Partners by 12.7% during the 3rd quarter. B. Riley Financial Inc. now owns 41,625 shares of the basic materials company’s stock valued at $450,000 after purchasing an additional 4,707 shares during the last quarter. LPL Financial LLC raised its stake in Hi-Crush Partners by 16.0% during the 3rd quarter. LPL Financial LLC now owns 52,276 shares of the basic materials company’s stock valued at $565,000 after purchasing an additional 7,223 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Hi-Crush Partners during the 3rd quarter valued at $124,000. Finally, Malaga Cove Capital LLC raised its stake in Hi-Crush Partners by 13.1% during the 3rd quarter. Malaga Cove Capital LLC now owns 118,544 shares of the basic materials company’s stock valued at $1,292,000 after purchasing an additional 13,750 shares during the last quarter. Hedge funds and other 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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