Hi-Crush Partners LP (NYSE:HCLP) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $2.31 and last traded at $2.35, with a volume of 50215 shares changing hands. The stock had previously closed at $2.52.

A number of research firms have commented on HCLP. Jefferies Financial Group reaffirmed a “sell” rating on shares of Hi-Crush Partners in a research report on Tuesday, April 2nd. Zacks Investment Research raised Hi-Crush Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, AltaCorp Capital raised Hi-Crush Partners from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 10th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.29.

The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $253.77 million, a price-to-earnings ratio of 1.55 and a beta of 1.85.

Hi-Crush Partners (NYSE:HCLP) last issued its earnings results on Tuesday, May 7th. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Hi-Crush Partners had a return on equity of 10.24% and a net margin of 9.99%. The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $180.20 million. During the same period in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, equities research analysts predict that Hi-Crush Partners LP will post -0.03 EPS for the current year.

Hedge funds have recently modified their holdings of the business. CoreCommodity Management LLC acquired a new position in shares of Hi-Crush Partners during the 4th quarter valued at about $27,000. Sage Capital Advisors llc grew its holdings in Hi-Crush Partners by 72.9% in the 4th quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,400 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Hi-Crush Partners in the 1st quarter valued at approximately $44,000. TCTC Holdings LLC acquired a new stake in Hi-Crush Partners in the 1st quarter valued at approximately $44,000. Finally, Lake Point Wealth Management acquired a new stake in Hi-Crush Partners in the 4th quarter valued at approximately $50,000. 7.92% of the stock is currently owned by institutional investors.

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About Hi-Crush Partners (NYSE:HCLP)

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

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