Hi-Crush Partners LP (NYSE:HCLP) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other analysts have also issued research reports about the stock. Credit Suisse Group reduced their price target on shares of Hi-Crush Partners from $24.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, July 20th. ValuEngine lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Cowen and Company reduced their price target on shares of Hi-Crush Partners from $22.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. They noted that the move was a valuation call. Finally, Jefferies Group LLC set a $15.00 price target on shares of Hi-Crush Partners and gave the stock a “buy” rating in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.50.

Hi-Crush Partners (NYSE:HCLP) traded down 1.63% during midday trading on Wednesday, reaching $9.05. The company’s stock had a trading volume of 1,135,635 shares. The firm has a 50 day moving average price of $8.15 and a 200-day moving average price of $12.24. The firm has a market cap of $823.82 million, a P/E ratio of 150.83 and a beta of 1.00. Hi-Crush Partners has a 52 week low of $7.25 and a 52 week high of $23.30.

Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%. The company had revenue of $135.22 million for the quarter, compared to analysts’ expectations of $138.61 million. During the same period last year, the firm earned ($0.26) earnings per share. The business’s revenue for the quarter was up 251.9% on a year-over-year basis. On average, analysts forecast that Hi-Crush Partners will post $1.04 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the business. California Public Employees Retirement System boosted its position in Hi-Crush Partners by 0.4% in the first quarter. California Public Employees Retirement System now owns 280,700 shares of the basic materials company’s stock valued at $4,870,000 after buying an additional 1,200 shares in the last quarter. Principal Financial Group Inc. boosted its position in Hi-Crush Partners by 11.0% in the second quarter. Principal Financial Group Inc. now owns 30,720 shares of the basic materials company’s stock valued at $333,000 after buying an additional 3,053 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in Hi-Crush Partners by 36.4% in the second quarter. Deprince Race & Zollo Inc. now owns 15,000 shares of the basic materials company’s stock valued at $163,000 after buying an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hi-Crush Partners by 70.1% in the second quarter. Bank of New York Mellon Corp now owns 20,462 shares of the basic materials company’s stock valued at $222,000 after buying an additional 8,431 shares in the last quarter. Finally, Strid Group LLC acquired a new stake in Hi-Crush Partners in the second quarter valued at approximately $109,000. Hedge funds and other institutional investors own 50.67% of the company’s stock.

About Hi-Crush Partners

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.

Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

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