Hi-Crush Partners (NYSE:HCLP)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a report released on Friday. They presently have a $20.00 price target on the basic materials company’s stock. Guggenheim’s target price indicates a potential upside of 62.60% from the company’s previous close.
Several other research analysts have also issued reports on HCLP. Piper Jaffray Companies set a $12.00 price objective on Hi-Crush Partners and gave the stock a “buy” rating in a research note on Tuesday, October 31st. TheStreet upgraded Hi-Crush Partners from a “d+” rating to a “c+” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Johnson Rice upgraded Hi-Crush Partners from an “accumulate” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, December 4th. Finally, B. Riley initiated coverage on Hi-Crush Partners in a research note on Wednesday, December 6th. They set a “buy” rating and a $16.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $16.66.
Hi-Crush Partners (NYSE HCLP) opened at $12.30 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.29 and a current ratio of 1.99. Hi-Crush Partners has a 12 month low of $7.25 and a 12 month high of $18.70. The stock has a market capitalization of $1,120.00, a price-to-earnings ratio of 13.67 and a beta of 1.04.
Hedge funds have recently made changes to their positions in the company. Malaga Cove Capital LLC grew its holdings in shares of Hi-Crush Partners by 27.1% during the third quarter. Malaga Cove Capital LLC now owns 83,019 shares of the basic materials company’s stock worth $791,000 after purchasing an additional 17,721 shares during the last quarter. Ninepoint Partners LP bought a new stake in shares of Hi-Crush Partners during the third quarter worth $15,200,000. L & S Advisors Inc grew its holdings in shares of Hi-Crush Partners by 161.9% during the third quarter. L & S Advisors Inc now owns 134,575 shares of the basic materials company’s stock worth $1,278,000 after purchasing an additional 83,200 shares during the last quarter. Covenant Asset Management LLC bought a new stake in shares of Hi-Crush Partners during the fourth quarter worth $444,000. Finally, Royal Bank of Canada grew its holdings in shares of Hi-Crush Partners by 31.7% during the second quarter. Royal Bank of Canada now owns 45,522 shares of the basic materials company’s stock worth $494,000 after purchasing an additional 10,950 shares during the last quarter. Institutional investors own 38.63% of the company’s stock.
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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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