Is Hi-Crush Partners LP (HCLP) a good buy?

Brunilde Fioravanti
Settembre 21, 2017

Media headlines about Hi-Crush Partners (NYSE:HCLP) have been trending somewhat positive recently, Accern reports.

P/E of the company is not reported. They set an "accumulate" rating and a $17.00 target price on the stock. UBS AG dropped their price objective on Hi-Crush Partners from $23.00 to $17.00 and set a buy rating on the stock in a research note on Friday, August 4th. Jefferies Group LLC reissued a buy rating and issued a $30.00 price objective on shares of Hi-Crush Partners in a research note on Tuesday, May 30th. Zacks Investment Research lowered Hi-Crush Partners from a hold rating to a sell rating in a research report on Wednesday, July 12th. ValuEngine cut Hi-Crush Partners from a "hold" rating to a "sell" rating in a research note on Thursday, June 15th. They set a "neutral" rating and a $10.00 price objective for the company. Hi-Crush Partners now has a consensus rating of Hold and an average target price of $17.50.

Hi-Crush Partners (NYSE HCLP) traded up 2.75% during midday trading on Wednesday, hitting $9.35. The stock is trading at $9.25 which is well above $8.18, the stock's 50 day moving average and impressively lower than the 200 day moving average of $12.11. Hi-Crush Partners has a 52 week low of $7.25 and a 52 week high of $23.30. The total amount of shares outstanding is 92.54 million, giving the company a market capitalization of about 842.11 million.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Wednesday, August 2nd.

As of the last earnings report the EPS was $-0.12 and is expected to be $1.04 for the current year with 91,030,000 shares now outstanding. The business had revenue of $135.22 million for the quarter, compared to the consensus estimate of $138.61 million. The business's revenue for the quarter was up 251.9% compared to the same quarter previous year. Jane Street Group, LLC added to its ownership by buying 201,000 shares an increase of 2,010.0% in the quarter. Equities research analysts predict that Hi-Crush Partners will post $1.04 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright law. The legal version of this piece can be accessed at Volume was up 161.39% over the stocks average daily volume. The value of the company's investment in Hi-Crush Partners LP Common Uni went from $174,000 to $2,289,000 increasing 1,215.5% since the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Hi-Crush Partners by 86.5% in the 1st quarter. A total of 3.64 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.92 Million shares, while its relative volume stands at 1.9. Sprott Inc. purchased a new position in shares of Hi-Crush Partners in the 1st quarter worth approximately $18,218,000. SG Americas Securities LLC lifted its holdings in Hi-Crush Partners by 107.5% during the first quarter. EPS breaks down the profitability of the company on a single share basis. Finally, Fort Washington Investment Advisors Inc. Institutional investors own 50.40% of the company's stock.

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.

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