Several other equities analysts have also commented on the company. Jefferies Group set a $21.00 price target on Hi-Crush Partners and gave the company a buy rating in a research note on Tuesday, September 13th. Ladenburg Thalmann upped their price target on Hi-Crush Partners from $7.00 to $21.00 and gave the company a buy rating in a research note on Friday, September 9th. Zacks Investment Research lowered Hi-Crush Partners from a buy rating to a hold rating in a research note on Monday, July 18th. Wunderlich decreased their price target on Hi-Crush Partners from $11.00 to $6.00 and set a hold rating on the stock in a research note on Tuesday, June 14th. Finally, DA Davidson lowered Hi-Crush Partners from a buy rating to an underperform rating and set a $10.00 price target on the stock. in a research note on Monday, June 13th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $11.52.
Shares of Hi-Crush Partners (NYSE:HCLP) opened at 14.32 on Tuesday. The company’s 50-day moving average price is $13.34 and its 200-day moving average price is $9.39. Hi-Crush Partners has a 12 month low of $3.55 and a 12 month high of $16.81. The company’s market cap is $703.67 million.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.04. The firm earned $38.40 million during the quarter, compared to analyst estimates of $47.84 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The firm’s revenue was down 54.2% on a year-over-year basis. Equities analysts forecast that Hi-Crush Partners will post ($0.69) EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Hi-Crush Partners by 2.3% in the second quarter. Royal Bank of Canada now owns 26,532 shares of the company’s stock valued at $346,000 after buying an additional 595 shares during the period. Stifel Financial Corp bought a new stake in shares of Hi-Crush Partners during the second quarter valued at $992,000. GLG Partners LP bought a new stake in shares of Hi-Crush Partners during the second quarter valued at $3,274,000. Toronto Dominion Bank bought a new stake in shares of Hi-Crush Partners during the second quarter valued at $758,000. Finally, Omega Advisors Inc. bought a new stake in shares of Hi-Crush Partners during the second quarter valued at $1,307,000.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. 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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