Hi-Crush Partners LP (NYSE:HCLP) – Investment analysts at Jefferies Group reduced their Q1 2018 earnings estimates for shares of Hi-Crush Partners in a note issued to investors on Thursday. Jefferies Group analyst B. Handler now forecasts that the basic materials company will earn $0.61 per share for the quarter, down from their prior forecast of $0.62. Jefferies Group also issued estimates for Hi-Crush Partners’ Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.50 EPS, FY2019 earnings at $2.00 EPS and FY2020 earnings at $1.70 EPS.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Piper Jaffray Companies set a $12.00 target price on shares of Hi-Crush Partners and gave the company a “buy” rating in a research note on Tuesday, October 31st. Seaport Global Securities assumed coverage on shares of Hi-Crush Partners in a research note on Friday, December 8th. They set a “buy” rating and a $17.00 target price on the stock. ValuEngine lowered shares of Hi-Crush Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, B. Riley assumed coverage on shares of Hi-Crush Partners in a research note on Wednesday, December 6th. They set a “buy” rating and a $16.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.07.
Shares of Hi-Crush Partners (NYSE HCLP) opened at $12.05 on Monday. The stock has a market cap of $1,128.78, a price-to-earnings ratio of 38.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.29. Hi-Crush Partners has a twelve month low of $7.25 and a twelve month high of $23.30.
A number of large investors have recently bought and sold shares of the stock. Sanders Morris Harris LLC boosted its stake in Hi-Crush Partners by 285.7% during the fourth quarter. Sanders Morris Harris LLC now owns 54,000 shares of the basic materials company’s stock worth $578,000 after acquiring an additional 40,000 shares in the last quarter. Mountain Lake Investment Management LLC bought a new stake in Hi-Crush Partners during the fourth quarter worth about $1,605,000. Lafitte Capital Management LP boosted its stake in Hi-Crush Partners by 24.0% during the fourth quarter. Lafitte Capital Management LP now owns 3,100,000 shares of the basic materials company’s stock worth $33,170,000 after acquiring an additional 600,000 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Hi-Crush Partners by 167.4% during the fourth quarter. Guggenheim Capital LLC now owns 323,399 shares of the basic materials company’s stock worth $3,461,000 after acquiring an additional 202,447 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Hi-Crush Partners by 27.0% during the fourth quarter. Advisor Group Inc. now owns 20,047 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 4,267 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.80 annualized dividend and a yield of 6.64%. This is a positive change from Hi-Crush Partners’s previous quarterly dividend of $0.15. Hi-Crush Partners’s payout ratio is presently 250.01%.
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Hi-Crush Partners Company Profile
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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