Hi-Crush Partners LP (HCLP) to Release Earnings on Tuesday
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.
TRADEMARK VIOLATION WARNING: “Hi-Crush Partners LP (HCLP) to Release Earnings on Tuesday” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/24/hi-crush-partners-lp-hclp-to-release-earnings-on-tuesday.html.
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.
Receive News & Ratings for Hi-Crush Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.