B. Riley reiterated their buy rating on shares of Hi-Crush Partners (NYSE:HCLP) in a research report sent to investors on Friday morning. They currently have a $16.00 price target on the basic materials company’s stock. B. Riley also issued estimates for Hi-Crush Partners’ Q4 2017 earnings at $0.45 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.43 EPS and FY2019 earnings at $2.53 EPS.
Other equities research analysts also recently issued research reports about the company. Piper Jaffray Companies set a $12.00 target price on Hi-Crush Partners and gave the company a buy rating in a research report on Tuesday, October 31st. BidaskClub upgraded Hi-Crush Partners from a hold rating to a buy rating in a research report on Monday, October 23rd. Cowen set a $12.00 target price on Hi-Crush Partners and gave the company a buy rating in a research report on Wednesday, October 18th. Jefferies Group set a $15.00 target price on Hi-Crush Partners and gave the company a buy rating in a research report on Thursday, October 5th. Finally, Johnson Rice upgraded Hi-Crush Partners from an accumulate rating to a buy rating and set a $15.00 target price on the stock in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Hi-Crush Partners presently has an average rating of Buy and a consensus target price of $16.15.
Hi-Crush Partners (NYSE:HCLP) traded up $0.35 during trading hours on Friday, reaching $12.35. The company’s stock had a trading volume of 2,004,366 shares, compared to its average volume of 1,690,000. Hi-Crush Partners has a 12 month low of $7.25 and a 12 month high of $23.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.29. The stock has a market capitalization of $1,120.00, a P/E ratio of 38.59 and a beta of 0.96.
Hi-Crush Partners (NYSE:HCLP) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.08). Hi-Crush Partners had a net margin of 7.09% and a return on equity of 5.01%. The business had revenue of $167.58 million during the quarter, compared to analysts’ expectations of $168.95 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. Hi-Crush Partners’s revenue for the quarter was up 259.9% compared to the same quarter last year. equities analysts expect that Hi-Crush Partners will post 0.97 EPS for the current year.
Hi-Crush Partners announced that its board has initiated a stock buyback plan on Tuesday, October 17th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Hi-Crush Partners during the 4th quarter worth about $107,000. GSA Capital Partners LLP purchased a new stake in Hi-Crush Partners during the 3rd quarter worth about $129,000. Advisor Group Inc. increased its holdings in Hi-Crush Partners by 80.5% during the 3rd quarter. Advisor Group Inc. now owns 15,780 shares of the basic materials company’s stock worth $151,000 after purchasing an additional 7,036 shares during the period. K.J. Harrison & Partners Inc purchased a new stake in Hi-Crush Partners during the 3rd quarter worth about $190,000. Finally, CAPROCK Group Inc. purchased a new stake in Hi-Crush Partners during the 3rd quarter worth about $190,000. Hedge funds and other institutional investors own 43.88% of the company’s stock.
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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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