Hi-Crush Partners LP (NYSE:HCLP) – Analysts at Piper Jaffray Companies decreased their Q2 2019 EPS estimates for shares of Hi-Crush Partners in a research note issued to investors on Sunday, February 10th. Piper Jaffray Companies analyst J. Watson now anticipates that the basic materials company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.05. Piper Jaffray Companies also issued estimates for Hi-Crush Partners’ Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.10 EPS, Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.03 EPS and FY2020 earnings at $0.14 EPS.
Hi-Crush Partners (NYSE:HCLP) last released its earnings results on Tuesday, February 5th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $162.20 million during the quarter, compared to analysts’ expectations of $145.45 million. Hi-Crush Partners had a return on equity of 17.35% and a net margin of 16.44%. Hi-Crush Partners’s quarterly revenue was down 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS.
Other research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Hi-Crush Partners from a “hold” rating to an “underperform” rating and set a $6.00 price target on the stock. in a report on Wednesday, October 17th. ValuEngine cut shares of Hi-Crush Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 17th. AltaCorp Capital lowered shares of Hi-Crush Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 16th. Seaport Global Securities set a $16.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a research report on Thursday, October 18th. Finally, Zacks Investment Research lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.50.
Shares of HCLP opened at $4.07 on Tuesday. Hi-Crush Partners has a twelve month low of $3.19 and a twelve month high of $16.65. The firm has a market capitalization of $393.80 million, a PE ratio of 2.73 and a beta of 1.98. The company has a current ratio of 2.70, a quick ratio of 2.18 and a debt-to-equity ratio of 0.53.
A number of large investors have recently added to or reduced their stakes in HCLP. Sage Capital Advisors llc boosted its stake in shares of Hi-Crush Partners by 72.9% during the fourth quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,400 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Hi-Crush Partners in the 3rd quarter worth about $124,000. North Star Investment Management Corp. raised its holdings in shares of Hi-Crush Partners by 40.2% in the 4th quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 3,300 shares during the period. Wedbush Securities Inc. purchased a new position in shares of Hi-Crush Partners in the 3rd quarter worth about $151,000. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Hi-Crush Partners in the 3rd quarter worth about $191,000. Hedge funds and other institutional investors own 12.74% of the company’s stock.
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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