Wall Street brokerages forecast that Hi-Crush Partners LP (NYSE:HCLP) will post $0.50 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hi-Crush Partners’ earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.44. Hi-Crush Partners reported earnings per share of ($0.11) during the same quarter last year, which suggests a positive year-over-year growth rate of 554.5%. The company is scheduled to issue its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Hi-Crush Partners will report full-year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.01. For the next financial year, analysts forecast that the company will report earnings of $2.29 per share, with EPS estimates ranging from $1.69 to $2.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Hi-Crush Partners had a net margin of 7.09% and a return on equity of 5.01%. The company had revenue of $167.58 million during the quarter, compared to analysts’ expectations of $168.95 million. During the same quarter last year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was up 259.9% on a year-over-year basis.

HCLP has been the topic of several research reports. ValuEngine raised Hi-Crush Partners from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Hi-Crush Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday. BidaskClub upgraded Hi-Crush Partners from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Janney Montgomery Scott initiated coverage on Hi-Crush Partners in a report on Wednesday, September 6th. They issued a “neutral” rating and a $10.00 price objective on the stock. Finally, Johnson Rice upgraded Hi-Crush Partners from an “accumulate” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $16.08.

A number of hedge funds and other institutional investors have recently modified their holdings of HCLP. Malaga Cove Capital LLC lifted its position in Hi-Crush Partners by 27.1% during the third quarter. Malaga Cove Capital LLC now owns 83,019 shares of the basic materials company’s stock worth $791,000 after buying an additional 17,721 shares during the period. Ninepoint Partners LP acquired a new position in shares of Hi-Crush Partners during the third quarter valued at about $15,200,000. L & S Advisors Inc raised its holdings in shares of Hi-Crush Partners by 161.9% during the third quarter. L & S Advisors Inc now owns 134,575 shares of the basic materials company’s stock valued at $1,278,000 after purchasing an additional 83,200 shares during the period. TVR Capital Management LP acquired a new position in shares of Hi-Crush Partners during the second quarter valued at about $667,000. Finally, Clear Harbor Asset Management LLC raised its holdings in shares of Hi-Crush Partners by 69.5% during the third 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. Hedge funds and other institutional investors own 43.87% of the company’s stock.

Shares of Hi-Crush Partners (NYSE HCLP) traded up $0.35 during midday trading on Thursday, reaching $11.25. The company’s stock had a trading volume of 1,842,200 shares, compared to its average volume of 1,609,900. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.29 and a current ratio of 1.77. Hi-Crush Partners has a one year low of $7.25 and a one year high of $23.30. The stock has a market capitalization of $1,040.00, a PE ratio of 35.16 and a beta of 0.96.

Hi-Crush Partners announced that its board has initiated a share repurchase plan on Tuesday, October 17th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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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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