Hi-Crush Partners LP Declares Quarterly Dividend of $0.51 (HCLP)
Hi-Crush Partners LP (NASDAQ:HCLP) announced a quarterly dividend on Friday, January 17th, Analyst RN reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.51 per share on Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Wednesday, January 29th. This is a positive change from Hi-Crush Partners LP’s previous quarterly dividend of $0.49.
HCLP has been the subject of a number of recent research reports. Analysts at Barclays downgraded shares of Hi-Crush Partners LP from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday. On the ratings front, 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.25.
Hi-Crush Partners LP (NASDAQ:HCLP) traded up 2.91% on Friday, hitting $36.12. The stock had a trading volume of 188,000 shares. Hi-Crush Partners LP has a 1-year low of $16.57 and a 1-year high of $38.75. The stock has a 50-day moving average of $34.61 and a 200-day moving average of $28.16. The company has a market cap of $1.043 billion and a P/E ratio of 19.53.
Hi-Crush Partners LP (NASDAQ:HCLP) last announced its 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. Hi-Crush Partners LP’s revenue was up 72.6% compared to the same quarter last year. 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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