Hi-Crush Partners Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:HCLP)
Hi-Crush Partners (NASDAQ:HCLP) has earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the company, AnalystRatingsNetwork reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $51.51.
Shares of Hi-Crush Partners (NASDAQ:HCLP) opened at 69.15 on Tuesday. Hi-Crush Partners has a 52 week low of $23.08 and a 52 week high of $69.50. The stock’s 50-day moving average is $63.60 and its 200-day moving average is $49.91. The company has a market cap of $2.296 billion and a price-to-earnings ratio of 27.27.
Hi-Crush Partners (NASDAQ:HCLP) last announced its earnings results 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. Analysts expect that Hi-Crush Partners will post $3.14 EPS for the current fiscal year.
HCLP has been the subject of a number of recent research reports. 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.
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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