Media coverage about Hi-Crush Partners (NYSE:HCLP) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hi-Crush Partners earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.4157500221224 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
Shares of Hi-Crush Partners (HCLP) traded up 4.427% during midday trading on Friday, hitting $10.025. The stock had a trading volume of 771,618 shares. Hi-Crush Partners has a 1-year low of $7.25 and a 1-year high of $23.30. The firm’s 50-day moving average price is $9.36 and its 200-day moving average price is $10.80. The stock’s market cap is $912.58 million.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $135.22 million for the quarter, compared to analyst estimates of $138.61 million. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%. The business’s quarterly revenue was up 251.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) earnings per share. Analysts forecast that Hi-Crush Partners will post $1.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, October 30th. This represents a $0.60 dividend on an annualized basis and a yield of 6.25%.
Hi-Crush Partners declared that its board has initiated a share repurchase plan on Tuesday, October 17th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Several analysts have recently issued reports on HCLP shares. Jefferies Group LLC set a $15.00 target price on Hi-Crush Partners and gave the stock a “buy” rating in a report on Monday, August 28th. Cowen and Company restated a “buy” rating and set a $12.00 price objective on shares of Hi-Crush Partners in a research report on Sunday, September 17th. Credit Suisse Group dropped their price objective on Hi-Crush Partners from $24.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, July 20th. Zacks Investment Research downgraded Hi-Crush Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies assumed coverage on Hi-Crush Partners in a research report on Monday, September 25th. They set an “overweight” rating and a $11.75 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.58.
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About Hi-Crush Partners
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. 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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