Hi-Crush Partners LP (NYSE:HCLP) is set to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Hi-Crush Partners to post earnings of $0.37 per share for the quarter.

Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data 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 business had revenue of $135.22 million during the quarter, compared to the consensus estimate of $138.61 million. During the same period in the previous year, the firm posted ($0.26) earnings per share. The business’s revenue for the quarter was up 251.9% compared to the same quarter last year. On average, analysts expect Hi-Crush Partners to post $1.09 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.

Shares of Hi-Crush Partners LP (HCLP) opened at 9.75 on Tuesday. The stock’s 50 day moving average is $9.31 and its 200 day moving average is $10.87. The firm’s market capitalization is $887.54 million. Hi-Crush Partners LP has a 1-year low of $7.25 and a 1-year high of $23.30.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Monday, October 30th.

Hi-Crush Partners declared that its board has approved a share buyback plan on Tuesday, October 17th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of research analysts recently commented on the stock. BidaskClub raised shares of Hi-Crush Partners from a “hold” rating to a “buy” rating in a research report on Monday. Cowen and Company set a $12.00 target price on shares of Hi-Crush Partners and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group LLC set a $15.00 target price on shares of Hi-Crush Partners and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, ValuEngine raised shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.58.

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.

Earnings History for Hi-Crush Partners (NYSE:HCLP)

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