Shares of Hi-Crush Partners LP (NYSE:HCLP) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.78.
Several brokerages recently issued reports on HCLP. Piper Jaffray Companies lowered shares of Hi-Crush Partners from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $14.15 in a report on Tuesday, August 7th. Simmons lowered shares of Hi-Crush Partners from an “overweight” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Tuesday, August 7th. They noted that the move was a valuation call. TheStreet raised shares of Hi-Crush Partners from a “c+” rating to a “b-” rating in a report on Friday, July 20th. Jefferies Financial Group lowered shares of Hi-Crush Partners from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Wednesday, July 25th. Finally, ValuEngine raised shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th.
In other Hi-Crush Partners news, insider William E. Barker sold 12,367 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $12.90, for a total transaction of $159,534.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 34.80% of the company’s stock.
Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Hi-Crush Partners by 4.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 312,676 shares of the basic materials company’s stock valued at $3,690,000 after purchasing an additional 14,400 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Hi-Crush Partners by 10.9% in the 2nd quarter. Van ECK Associates Corp now owns 239,227 shares of the basic materials company’s stock valued at $2,823,000 after purchasing an additional 23,590 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Hi-Crush Partners in the 2nd quarter valued at $1,134,000. SG Americas Securities LLC bought a new stake in shares of Hi-Crush Partners in the 2nd quarter valued at $2,610,000. Finally, Barings LLC bought a new stake in shares of Hi-Crush Partners in the 2nd quarter valued at $1,178,000. 24.26% of the stock is currently owned by institutional investors.
Shares of Hi-Crush Partners stock traded up $0.40 during midday trading on Friday, hitting $12.50. 1,590,530 shares of the company traded hands, compared to its average volume of 1,978,502. The firm has a market capitalization of $1.09 billion, a PE ratio of 12.38 and a beta of 1.37. The company has a current ratio of 1.85, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. Hi-Crush Partners has a 12 month low of $8.60 and a 12 month high of $16.65.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.10). The company had revenue of $248.52 million for the quarter, compared to the consensus estimate of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The company’s revenue for the quarter was up 83.8% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. research analysts anticipate that Hi-Crush Partners will post 2.56 earnings per share for the current year.
Hi-Crush Partners Company Profile
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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