Hi-Crush Partners LP (NYSE:HCLP) – Research analysts at B. Riley lifted their Q4 2017 EPS estimates for shares of Hi-Crush Partners in a research note issued on Friday. B. Riley analyst L. Pipes now expects that the basic materials company will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.44. B. Riley currently has a “Buy” rating and a $16.00 price target on the stock. B. Riley also issued estimates for Hi-Crush Partners’ Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.43 EPS and FY2019 earnings at $2.53 EPS.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.32 earnings per share 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 the consensus estimate of $168.95 million. Hi-Crush Partners had a net margin of 7.09% and a return on equity of 5.01%. Hi-Crush Partners’s revenue was up 259.9% on a year-over-year basis. During the same period last year, the business earned ($0.21) EPS.
Shares of Hi-Crush Partners (NYSE HCLP) opened at $12.35 on Monday. The firm has a market cap of $1,120.00, a P/E ratio of 38.59 and a beta of 0.96. 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 has a 1 year low of $7.25 and a 1 year high of $23.30.
Several institutional investors have recently modified their holdings of HCLP. Starfire Investment Advisers Inc. purchased a new position in shares of Hi-Crush Partners during the 4th quarter valued at $748,000. Covenant Asset Management LLC purchased a new position in shares of Hi-Crush Partners during the 4th quarter valued at $444,000. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of Hi-Crush Partners during the 4th quarter valued at $107,000. GSA Capital Partners LLP purchased a new position in shares of Hi-Crush Partners during the 3rd quarter valued at $129,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Hi-Crush Partners during the 3rd quarter valued at $316,000. Institutional investors and hedge funds own 43.88% of the company’s stock.
Hi-Crush Partners declared that its board has authorized a share 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 buy shares of its stock through open market purchases. Stock buyback plans are often 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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