Hi-Crush Partners (NYSE:HCLP) received a $13.00 price objective from equities researchers at Cowen in a report released on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. Cowen’s target price suggests a potential upside of 1.96% from the company’s previous close.

HCLP has been the topic of a number of other research reports. Zacks Investment Research lowered Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies started coverage on Hi-Crush Partners in a research note on Monday, September 25th. They set an “overweight” rating and a $11.75 price target on the stock. BidaskClub lowered Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Johnson Rice upgraded Hi-Crush Partners from an “accumulate” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, December 4th. Finally, ValuEngine upgraded Hi-Crush Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $16.15.

Shares of Hi-Crush Partners (NYSE HCLP) opened at $12.75 on Thursday. Hi-Crush Partners has a 52 week low of $7.25 and a 52 week high of $23.30. The firm has a market capitalization of $1,160.65, a PE ratio of 39.84 and a beta of 0.93. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.24.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.32 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $167.58 million for the quarter, compared to analysts’ expectations of $168.95 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. Hi-Crush Partners’s revenue was up 259.9% on a year-over-year basis. research analysts forecast that Hi-Crush Partners will post 0.97 EPS for the current fiscal year.

Hi-Crush Partners announced that its Board of Directors has approved a share buyback plan on Tuesday, October 17th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits 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 leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covenant Asset Management LLC purchased a new stake in Hi-Crush Partners in the fourth quarter valued at approximately $444,000. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Hi-Crush Partners in the fourth quarter valued at approximately $107,000. GSA Capital Partners LLP purchased a new stake in Hi-Crush Partners in the third quarter valued at approximately $129,000. Griffin Asset Management Inc. purchased a new stake in Hi-Crush Partners in the third quarter valued at approximately $316,000. Finally, L & S Advisors Inc boosted its position in Hi-Crush Partners by 161.9% in 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 buying an additional 83,200 shares during the last quarter. Hedge funds and other institutional investors own 43.87% of the company’s stock.

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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.

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

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