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Equities researchers at RBC Capital boosted their price target on shares of Hi-Crush Partners (NASDAQ:HCLP) from $35.00 to $41.00 in a research report issued on Monday, AmericanBankingNews.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 6.80% from the stock’s previous close.

Shares of Hi-Crush Partners (NASDAQ:HCLP) opened at 38.39 on Monday. Hi-Crush Partners has a 1-year low of $17.44 and a 1-year high of $43.97. The stock’s 50-day moving average is $39.62 and its 200-day moving average is $34.98. The company has a market cap of $1.108 billion and a P/E ratio of 18.47.

Hi-Crush Partners (NASDAQ:HCLP) last announced its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 217.9% on a year-over-year basis. On average, analysts predict that Hi-Crush Partners will post $2.57 earnings per share for the current fiscal year.

A number of other firms have also recently commented on HCLP. Analysts at Ladenburg Thalmann initiated coverage on shares of Hi-Crush Partners in a research note on Monday, March 24th. They set a “buy” rating and a $44.00 price target on the stock. Analysts at Wunderlich initiated coverage on shares of Hi-Crush Partners in a research note on Tuesday, February 18th. They set a “hold” rating and a $42.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.67.

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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