Zacks: Brokerages Anticipate Hi-Crush Partners LP (HCLP) to Post $0.16 EPS
Brokerages expect Hi-Crush Partners LP (NYSE:HCLP) to report $0.16 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hi-Crush Partners’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.11. Hi-Crush Partners posted earnings per share of ($0.26) during the same quarter last year, which would indicate a positive year-over-year growth rate of 161.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Hi-Crush Partners will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $1.35. For the next fiscal year, analysts forecast that the company will report earnings of $3.09 per share, with EPS estimates ranging from $2.50 to $3.90. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Hi-Crush Partners.
Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Monday, May 1st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.04. Hi-Crush Partners had a negative return on equity of 14.63% and a negative net margin of 29.58%. The business had revenue of $83.40 million for the quarter, compared to the consensus estimate of $84.31 million. During the same period in the prior year, the business posted ($0.48) earnings per share. Hi-Crush Partners’s revenue was up 60.1% on a year-over-year basis.
HCLP has been the topic of a number of research reports. Jefferies Group LLC set a $30.00 price target on Hi-Crush Partners and gave the stock a “buy” rating in a report on Thursday, February 23rd. Zacks Investment Research raised Hi-Crush Partners from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, January 10th. Guggenheim reaffirmed a “buy” rating on shares of Hi-Crush Partners in a report on Monday, March 27th. Wunderlich raised Hi-Crush Partners from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $29.00 in a report on Wednesday, February 22nd. Finally, Mizuho began coverage on Hi-Crush Partners in a report on Wednesday. They issued a “buy” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and eight have given a buy rating to the company. Hi-Crush Partners has an average rating of “Buy” and an average price target of $20.33.
Shares of Hi-Crush Partners (NYSE:HCLP) traded up 1.16% during midday trading on Friday, hitting $13.10. The company had a trading volume of 379,136 shares. Hi-Crush Partners has a 12 month low of $5.50 and a 12 month high of $23.30. The company has a 50-day moving average of $15.79 and a 200-day moving average of $17.66. The company’s market capitalization is $834.43 million.
A number of large investors have recently made changes to their positions in HCLP. IFP Advisors Inc raised its stake in shares of Hi-Crush Partners by 391.5% in the first quarter. IFP Advisors Inc now owns 11,938 shares of the basic materials company’s stock worth $207,000 after buying an additional 9,509 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Hi-Crush Partners during the first quarter worth $209,000. GSA Capital Partners LLP acquired a new stake in shares of Hi-Crush Partners during the fourth quarter worth $222,000. Round Table Services LLC bought a new stake in Hi-Crush Partners during the first quarter worth about $257,000. Finally, Lucas Capital Management bought a new stake in Hi-Crush Partners during the first quarter worth about $260,000. 41.42% of the stock is currently owned by institutional investors.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
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