Hi-Crush Partners Sets New 12-Month High at $69.50 (HCLP)
Hi-Crush Partners (NASDAQ:HCLP) shares reached a new 52-week high on Friday , AmericanBankingNews.com reports. The stock traded as high as $69.50 and last traded at $68.99, with a volume of 729,591 shares traded. The stock had previously closed at $65.94.
A number of research firms have recently commented on HCLP. 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Hi-Crush Partners presently has an average rating of “Buy” and an average target price of $51.51.
The stock has a 50-day moving average of $63.37 and a 200-day moving average of $49.69. The company has a market cap of $2.289 billion and a P/E ratio of 26.00.
Hi-Crush Partners (NASDAQ:HCLP) last released its 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.
In other Hi-Crush Partners news, Insider Hi-Crush Proppants Llc unloaded 3,750,000 shares of the stock 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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