Hi-Crush Partners (HCLP) to Release Earnings on Monday

Hi-Crush Partners (NYSE:HCLP) is scheduled to be posting its quarterly earnings results after the market closes on Monday, February 19th. Analysts expect Hi-Crush Partners to post earnings of $0.50 per share for the quarter.

Shares of Hi-Crush Partners (NYSE:HCLP) opened at $11.25 on Monday. The stock has a market cap of $1,020.00, a PE ratio of 35.16 and a beta of 1.04. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.11%. This is an increase from Hi-Crush Partners’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, January 31st. Hi-Crush Partners’s dividend payout ratio is presently 250.00%.

Hi-Crush Partners announced that its Board of Directors has initiated 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. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

A number of brokerages have issued reports on HCLP. BidaskClub upgraded shares of Hi-Crush Partners from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. B. Riley reiterated a “buy” rating and set a $16.00 price objective on shares of Hi-Crush Partners in a research note on Friday, January 19th. Zacks Investment Research upgraded shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research note on Thursday. Cowen set a $16.00 price objective on shares of Hi-Crush Partners and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Johnson Rice upgraded shares of Hi-Crush Partners from an “accumulate” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, December 4th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.62.

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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 for Hi-Crush Partners (NYSE:HCLP)

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