Hi-Crush Partners LP (NYSE:HCLP) Receives $9.32 Average PT from Analysts

Hi-Crush Partners LP (NYSE:HCLP) has earned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.32.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Hi-Crush Partners from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Jefferies Financial Group restated a “sell” rating on shares of Hi-Crush Partners in a research note on Tuesday, April 2nd. AltaCorp Capital upgraded shares of Hi-Crush Partners from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 10th. Finally, Barclays restated a “sell” rating and set a $2.00 price target on shares of Hi-Crush Partners in a research note on Wednesday, May 15th.

Shares of Hi-Crush Partners stock opened at $2.30 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. Hi-Crush Partners has a 12-month low of $2.09 and a 12-month high of $16.65. The company has a market cap of $232.55 million, a price-to-earnings ratio of 1.54 and a beta of 2.01.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, May 7th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). Hi-Crush Partners had a net margin of 9.99% and a return on equity of 10.24%. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $180.20 million. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue for the quarter was down 26.7% compared to the same quarter last year. Research analysts forecast that Hi-Crush Partners will post -0.04 EPS for the current year.

In other Hi-Crush Partners news, CEO Robert E. Rasmus acquired 100,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of $1.63 per share, with a total value of $163,000.00. Following the acquisition, the chief executive officer now directly owns 122,189 shares of the company’s stock, valued at $199,168.07. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Laura C. Fulton acquired 25,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $1.62 per share, for a total transaction of $40,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 379,019 shares in the company, valued at $614,010.78. The disclosure for this purchase can be found here. 34.80% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. CoreCommodity Management LLC bought a new stake in Hi-Crush Partners during the fourth quarter worth approximately $27,000. Sage Capital Advisors llc grew its stake in Hi-Crush Partners by 72.9% in the 4th 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. Steward Partners Investment Advisory LLC acquired a new stake in Hi-Crush Partners in the 1st quarter valued at about $44,000. Lake Point Wealth Management acquired a new stake in Hi-Crush Partners in the 4th quarter valued at about $50,000. Finally, Moors & Cabot Inc. acquired a new stake in Hi-Crush Partners in the 1st quarter valued at about $52,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

About Hi-Crush Partners

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

See Also: How Does the Quiet Period Work?

Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

Receive News & Ratings for Hi-Crush Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners and related companies with MarketBeat.com's FREE daily email newsletter.