Hi-Crush Partners LP Lowered to “Equal Weight” at Barclays (HCLP)
Hi-Crush Partners LP (NASDAQ:HCLP) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports.
A number of other firms have also recently commented on HCLP. Analysts at RBC Capital reiterated a “hold” rating on shares of Hi-Crush Partners LP in a research note to investors on Thursday, November 21st. They now have a $30.00 price target on the stock. Analysts at Credit Suisse raised their price target on shares of Hi-Crush Partners LP from $25.00 to $33.00 in a research note to investors on Thursday, November 14th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hi-Crush Partners LP currently has an average rating of “Buy” and a consensus target price of $29.25.
Hi-Crush Partners LP (NASDAQ:HCLP) opened at 34.00 on Tuesday. Hi-Crush Partners LP has a one year low of $15.00 and a one year high of $38.75. The stock has a 50-day moving average of $34.32 and a 200-day moving average of $27.99. The company has a market cap of $981.4 million and a P/E ratio of 19.39.
Hi-Crush Partners LP (NASDAQ:HCLP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.14. The company had revenue of $43.50 million for the quarter, compared to the consensus estimate of $52.07 million. The company’s revenue for the quarter was up 72.6% on a year-over-year basis. Analysts expect that Hi-Crush Partners LP will post $2.08 EPS 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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