Q4 2017 Earnings Forecast for Hi-Crush Partners LP Issued By Seaport Global Securities (HCLP)

Hi-Crush Partners LP (NYSE:HCLP) – Equities researchers at Seaport Global Securities increased their Q4 2017 earnings estimates for shares of Hi-Crush Partners in a research note issued on Friday. Seaport Global Securities analyst S. Randhawa now anticipates that the basic materials company will earn $0.54 per share for the quarter, up from their prior forecast of $0.53. Seaport Global Securities has a “Buy” rating and a $17.00 price objective on the stock. Seaport Global Securities also issued estimates for Hi-Crush Partners’ Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.29 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.45 EPS and FY2019 earnings at $1.89 EPS.

Hi-Crush Partners (NYSE:HCLP) last released its quarterly 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). The firm had revenue of $167.58 million for the quarter, compared to analyst estimates of $168.95 million. Hi-Crush Partners had a net margin of 7.09% and a return on equity of 5.01%. The firm’s quarterly revenue was up 259.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) EPS.

Several other equities analysts also recently issued reports on the stock. Piper Jaffray Companies set a $12.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Barclays started coverage on shares of Hi-Crush Partners in a report on Friday, December 15th. They set an “equal weight” rating and a $12.00 price objective on the stock. Jefferies Group set a $15.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Cowen set a $12.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $16.15.

Hi-Crush Partners (HCLP) opened at $12.35 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1,120.00, a price-to-earnings ratio of 38.59 and a beta of 0.96. Hi-Crush Partners has a twelve month low of $7.25 and a twelve month high of $23.30.

Hi-Crush Partners declared that its Board of Directors has approved a share repurchase program 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently modified their holdings of HCLP. Bank of New York Mellon Corp raised its stake in Hi-Crush Partners by 70.1% during the second quarter. Bank of New York Mellon Corp now owns 20,462 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 8,431 shares during the period. Principal Financial Group Inc. raised its stake in Hi-Crush Partners by 11.0% during the second quarter. Principal Financial Group Inc. now owns 30,720 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 3,053 shares during the period. Wells Fargo & Company MN raised its stake in Hi-Crush Partners by 252.3% during the second quarter. Wells Fargo & Company MN now owns 52,318 shares of the basic materials company’s stock worth $568,000 after purchasing an additional 37,469 shares during the period. Penn Capital Management Co. Inc. raised its stake in Hi-Crush Partners by 68.1% during the second quarter. Penn Capital Management Co. Inc. now owns 73,961 shares of the basic materials company’s stock worth $802,000 after purchasing an additional 29,968 shares during the period. Finally, Virtu KCG Holdings LLC raised its stake in Hi-Crush Partners by 48.0% during the second quarter. Virtu KCG Holdings LLC now owns 70,763 shares of the basic materials company’s stock worth $768,000 after purchasing an additional 22,954 shares during the period. 43.88% of the stock is currently owned by institutional investors.

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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.

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

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