Shares of Hi-Crush Partners LP (NYSE:HCLP) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.78.
A number of research analysts recently weighed in on the stock. Cowen downgraded shares of Hi-Crush Partners from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a research report on Monday, July 30th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on shares of Hi-Crush Partners from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, August 2nd. TheStreet raised shares of Hi-Crush Partners from a “c+” rating to a “b-” rating in a research report on Friday, July 20th. Jefferies Financial Group downgraded shares of Hi-Crush Partners from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Wednesday, July 25th. Finally, ValuEngine raised shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th.
In other news, insider William E. Barker sold 12,367 shares of Hi-Crush Partners stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $12.90, for a total value of $159,534.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 34.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Lafitte Capital Management LP boosted its holdings in shares of Hi-Crush Partners by 3.2% during the 1st quarter. Lafitte Capital Management LP now owns 3,200,000 shares of the basic materials company’s stock worth $33,920,000 after buying an additional 100,000 shares during the period. JPMorgan Chase & Co. raised its stake in Hi-Crush Partners by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,613,585 shares of the basic materials company’s stock worth $27,704,000 after purchasing an additional 857,878 shares in the last quarter. Brightline Capital Management LLC raised its stake in Hi-Crush Partners by 28.6% in the 1st quarter. Brightline Capital Management LLC now owns 675,000 shares of the basic materials company’s stock worth $7,155,000 after purchasing an additional 150,000 shares in the last quarter. Raymond James & Associates raised its stake in Hi-Crush Partners by 3.7% in the 2nd quarter. Raymond James & Associates now owns 592,703 shares of the basic materials company’s stock worth $6,994,000 after purchasing an additional 21,300 shares in the last quarter. Finally, Miller Value Partners LLC raised its stake in Hi-Crush Partners by 20.0% in the 2nd quarter. Miller Value Partners LLC now owns 570,000 shares of the basic materials company’s stock worth $6,726,000 after purchasing an additional 95,000 shares in the last quarter. 24.26% of the stock is owned by institutional investors and hedge funds.
Hi-Crush Partners stock traded up $0.40 during mid-day trading on Friday, reaching $12.50. The company’s stock had a trading volume of 1,590,530 shares, compared to its average volume of 1,978,502. The company has a market cap of $1.09 billion, a P/E ratio of 12.38 and a beta of 1.37. Hi-Crush Partners has a 12 month low of $8.60 and a 12 month high of $16.65. The company has a current ratio of 1.85, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22.
Hi-Crush Partners (NYSE:HCLP) last released its earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.10). The business had revenue of $248.52 million during the quarter, compared to the consensus estimate of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The firm’s revenue for the quarter was up 83.8% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. equities research analysts forecast that Hi-Crush Partners will post 2.56 EPS for the current year.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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