Hi-Crush Partners Insider Sells $227,287,500 in Stock (HCLP)
Hi-Crush Partners (NASDAQ:HCLP) Insider Hi-Crush Proppants Llc sold 3,750,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $60.61, for a total value of $227,287,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Hi-Crush Partners (NASDAQ:HCLP) traded down 0.21% on Wednesday, hitting $61.70. The stock had a trading volume of 127,331 shares. Hi-Crush Partners has a one year low of $23.08 and a one year high of $69.25. The stock has a 50-day moving average of $63.27 and a 200-day moving average of $48.53. The company has a market cap of $2.049 billion and a P/E ratio of 24.38.
Hi-Crush Partners (NASDAQ:HCLP) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $80.42 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 119.9% on a year-over-year basis. On average, analysts predict that Hi-Crush Partners will post $3.14 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HCLP shares. Analysts at Zacks downgraded shares of Hi-Crush Partners from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $72.10 price target on the stock. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Hi-Crush Partners in a research note on Wednesday, August 6th. They now have a $66.00 price target on the stock, up previously from $65.00. Finally, analysts at Ladenburg Thalmann downgraded shares of Hi-Crush Partners from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.51.
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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