Hi-Crush Partners Rating Lowered to Neutral at Ladenburg Thalmann (HCLP)
Hi-Crush Partners (NASDAQ:HCLP) was downgraded by Ladenburg Thalmann from a “buy” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Shares of Hi-Crush Partners (NASDAQ:HCLP) opened at 58.60 on Thursday. Hi-Crush Partners has a 52 week low of $20.26 and a 52 week high of $67.01. The stock has a 50-day moving average of $54.60 and a 200-day moving average of $42.92. The company has a market cap of $1.941 billion and a price-to-earnings ratio of 28.22.
Hi-Crush Partners (NASDAQ:HCLP) last announced its earnings results 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 $3.02 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Hi-Crush Partners from $42.00 to $65.00 in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $49.69.
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.
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