Share on StockTwits

Hi-Crush Partners (NASDAQ:HCLP)’s share price reached a new 52-week high during trading on Monday , StockRatingsNetwork reports. The stock traded as high as $65.65 and last traded at $65.20, with a volume of 356,641 shares trading hands. The stock had previously closed at $62.52.

A number of research firms have recently commented on HCLP. Analysts at Zacks upgraded shares of Hi-Crush Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $54.90 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Hi-Crush Partners in a research note on Thursday, June 5th. They set a “buy” rating and a $59.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Hi-Crush Partners in a research note on Tuesday, June 3rd. They set an “equal weight” rating and a $54.00 price target on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.08.

The stock has a 50-day moving average of $50.74 and a 200-day moving average of $41.35. The company has a market cap of $2.172 billion and a P/E ratio of 28.78.

Hi-Crush Partners (NASDAQ:HCLP) last announced its earnings results 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. On average, analysts predict that Hi-Crush Partners will post $3.00 earnings per share for the current fiscal year.

Hi Crush Partners LP, formerly 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.