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Stock analysts at BMO Capital Markets began coverage on shares of Hi-Crush Partners (NASDAQ:HCLP) in a report issued on Monday. The firm set a “buy” rating and a $44.96 price target on the stock.

Shares of Hi-Crush Partners (NASDAQ:HCLP) traded up 2.53% during mid-day trading on Monday, hitting $46.099. 89,544 shares of the company’s stock traded hands. Hi-Crush Partners has a 52-week low of $18.55 and a 52-week high of $47.24. The stock has a 50-day moving average of $41.06 and a 200-day moving average of $37.01. The company has a market cap of $1.527 billion and a P/E ratio of 20.70.

Hi-Crush Partners (NASDAQ:HCLP) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 184.7% on a year-over-year basis. On average, analysts predict that Hi-Crush Partners will post $2.84 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Bank of America initiated coverage on shares of Hi-Crush Partners in a research note on Monday. They set a “buy” rating and a $53.00 price target on the stock. Separately, 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 RBC Capital raised their price target on shares of Hi-Crush Partners from $35.00 to $41.00 in a research note on Monday, April 14th. They now have a “sector perform” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hi-Crush Partners currently has a consensus rating of “Buy” and an average target price of $42.42.

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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