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Stock analysts at Bank of America initiated coverage on shares of Hi-Crush Partners (NASDAQ:HCLP) in a report issued on Monday. The firm set a “buy” rating and a $53.00 price target on the stock. Bank of America’s target price points to a potential upside of 17.88% from the company’s current price.

A number of other firms have also recently commented on HCLP. Analysts at RBC Capital upgraded shares of Hi-Crush Partners from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $50.00 price target on the stock, up previously from $41.00. Finally, 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Hi-Crush Partners currently has an average rating of “Buy” and an average target price of $42.00.

Hi-Crush Partners (NASDAQ:HCLP) opened at 44.96 on Monday. Hi-Crush Partners has a 52 week low of $18.55 and a 52 week high of $47.24. The stock’s 50-day moving average is $41.06 and its 200-day moving average is $37.01. The company has a market cap of $1.489 billion and a price-to-earnings ratio of 20.73.

Hi-Crush Partners (NASDAQ:HCLP) last released its earnings data on Monday, May 5th. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.10. The company had revenue of $55.83 million for the quarter, compared to the consensus estimate of $52.45 million. During the same quarter last year, the company posted $0.40 earnings per share. Hi-Crush Partners’s revenue was up 184.7% compared to the same quarter last year. Analysts expect that Hi-Crush Partners will post $2.84 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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