Hi-Crush Partners LP (NYSE:HCLP) is set to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
Hi-Crush Partners (NYSE:HCLP) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $138.61 million. Hi-Crush Partners had a negative return on equity of 1.58% and a negative net margin of 2.53%. The firm’s quarterly revenue was up 251.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. On average, analysts expect Hi-Crush Partners to post $1.09 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.
Shares of Hi-Crush Partners LP (HCLP) opened at 10.15 on Friday. Hi-Crush Partners LP has a 1-year low of $7.25 and a 1-year high of $23.30. The firm’s market cap is $923.95 million. The firm’s 50-day moving average price is $9.45 and its 200 day moving average price is $10.74.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 5.91%.
Hi-Crush Partners declared that its Board of Directors has authorized a stock buyback plan on Tuesday, October 17th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the basic materials company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
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Several brokerages have weighed in on HCLP. BidaskClub upgraded Hi-Crush Partners from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. UBS AG cut their price target on Hi-Crush Partners from $23.00 to $17.00 and set a “buy” rating for the company in a report on Friday, August 4th. ValuEngine upgraded Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Janney Montgomery Scott began coverage on Hi-Crush Partners in a report on Wednesday, September 6th. They issued a “neutral” rating and a $10.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.58.
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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