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Hi-Crush Partners LP (NASDAQ:HCLP) shares hit a new 52-week high on Wednesday , Analyst Ratings News reports. The stock traded as high as $39.13 and last traded at $38.67, with a volume of 91,473 shares. The stock had previously closed at $38.08.

A number of analysts have recently weighed in on HCLP shares. Analysts at Barclays downgraded shares of Hi-Crush Partners LP from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 14th. Separately, analysts at RBC Capital reiterated a “hold” rating on shares of Hi-Crush Partners LP in a research note on Thursday, November 21st. They now have a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.25.

Hi-Crush Partners LP (NASDAQ:HCLP) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $51.50 million for the quarter, compared to the consensus estimate of $45.60 million. During the same quarter last year, the company posted $0.35 earnings per share. Hi-Crush Partners LP’s revenue was up 217.9% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Wednesday, January 29th. This is an increase from Hi-Crush Partners LP’s previous quarterly dividend of $0.49.

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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