Hi-Crush Partners LP (NYSE:HCLP) – Stock analysts at B. Riley issued their FY2017 earnings per share estimates for Hi-Crush Partners in a research note issued on Wednesday. B. Riley analyst L. Pipes expects that the basic materials company will post earnings of $0.92 per share for the year. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. B. Riley also issued estimates for Hi-Crush Partners’ Q4 2017 earnings at $0.44 EPS, Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.38 EPS and FY2019 earnings at $2.47 EPS.
Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). Hi-Crush Partners had a return on equity of 5.01% and a net margin of 7.09%. The firm had revenue of $167.58 million for the quarter, compared to the consensus estimate of $168.95 million. During the same period in the previous year, the firm earned ($0.21) EPS. Hi-Crush Partners’s revenue for the quarter was up 259.9% on a year-over-year basis.
Shares of Hi-Crush Partners (NYSE HCLP) opened at $10.60 on Monday. The company has a market capitalization of $964.93, a P/E ratio of 33.13 and a beta of 0.97. Hi-Crush Partners has a twelve month low of $7.25 and a twelve month high of $23.30. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.24.
Large investors have recently made changes to their positions in the business. Ninepoint Partners LP acquired a new stake in Hi-Crush Partners during the 3rd quarter valued at $15,200,000. Evergreen Capital Management LLC acquired a new stake in Hi-Crush Partners during the 2nd quarter valued at $970,000. TVR Capital Management LP acquired a new stake in Hi-Crush Partners during the 2nd quarter valued at $667,000. Malaga Cove Capital LLC raised its stake in Hi-Crush Partners by 27.1% during the 3rd quarter. Malaga Cove Capital LLC now owns 83,019 shares of the basic materials company’s stock valued at $791,000 after purchasing an additional 17,721 shares during the period. Finally, Clear Harbor Asset Management LLC raised its stake in Hi-Crush Partners by 69.5% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 796,137 shares of the basic materials company’s stock valued at $7,563,000 after purchasing an additional 326,414 shares during the period. 44.03% of the stock is currently owned by institutional investors.
Hi-Crush Partners announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 17th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Monday, October 30th. Hi-Crush Partners’s dividend payout ratio (DPR) is currently 187.50%.
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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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