Barclays Capital Reiterates Buy Rating for Hi-Crush Partners LP (HCLP)
Hi-Crush Partners LP (NASDAQ:HCLP)‘s stock had its “buy” rating reaffirmed by analysts at Barclays Capital in a research report issued to clients and investors on Friday, AR Network reports. They currently have a $25.00 price target on the stock. Barclays Capital’s price objective would suggest a potential downside of 16.64% from the stock’s previous close.
A number of other firms have also recently commented on HCLP. Analysts at Raymond James raised their price target on shares of Hi-Crush Partners LP from $25.00 to $30.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Hi-Crush Partners LP from $23.00 to $26.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Hi-Crush Partners LP has a consensus rating of “Buy” and a consensus price target of $24.60.
Shares of Hi-Crush Partners LP (NASDAQ:HCLP) traded up 2.11% during mid-day trading on Friday, hitting $29.99. The stock had a trading volume of 288,286 shares. Hi-Crush Partners LP has a 52-week low of $13.21 and a 52-week high of $29.85. The stock has a 50-day moving average of $25.11 and a 200-day moving average of $22.07. The company has a market cap of $865.7 million and a price-to-earnings ratio of 30.88.
Hi-Crush Partners LP (NASDAQ:HCLP) last released its earnings data on Wednesday, August 14th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.02. The company had revenue of $27.10 million for the quarter, compared to the consensus estimate of $21.97 million. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, analysts predict that Hi-Crush Partners LP will post $2.27 earnings per share for the current fiscal year.
Hi-Crush Partners LP is a domestic producer of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells.
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