Stephens started coverage on shares of Hi Crush Partners (NYSE:HCLP) in a research report released on Thursday, Marketbeat reports. The firm issued an overweight rating and a $16.00 target price on the basic materials company’s stock.
A number of other equities research analysts have also recently weighed in on HCLP. Barclays initiated coverage on shares of Hi Crush Partners in a research report on Friday, December 15th. They set an equal weight rating and a $12.00 price target for the company. Piper Jaffray set a $12.00 price target on shares of Hi Crush Partners and gave the company a buy rating in a research report on Friday, December 29th. ValuEngine upgraded shares of Hi Crush Partners from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Zacks Investment Research cut shares of Hi Crush Partners from a hold rating to a strong sell rating in a research report on Wednesday, January 3rd. Finally, Cowen set a $13.00 price target on shares of Hi Crush Partners and gave the company a buy rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. Hi Crush Partners currently has a consensus rating of Buy and a consensus price target of $16.20.
Hi Crush Partners stock opened at $11.70 on Thursday. Hi Crush Partners has a 12-month low of $7.25 and a 12-month high of $16.80. The stock has a market cap of $1,038.37, a P/E ratio of 11.58 and a beta of 1.18. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.24.
Hi Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Hi Crush Partners had a net margin of 13.70% and a return on equity of 11.32%. The business had revenue of $216.46 million during the quarter, compared to analysts’ expectations of $199.50 million. equities research analysts predict that Hi Crush Partners will post 2.46 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in HCLP. Russell Investments Group Ltd. grew its holdings in shares of Hi Crush Partners by 91.1% in the third quarter. Russell Investments Group Ltd. now owns 77,856 shares of the basic materials company’s stock valued at $740,000 after purchasing an additional 37,109 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hi Crush Partners in the third quarter valued at approximately $129,000. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Hi Crush Partners in the fourth quarter valued at approximately $107,000. Covenant Asset Management LLC acquired a new position in shares of Hi Crush Partners in the fourth quarter valued at approximately $444,000. Finally, Starfire Investment Advisers Inc. acquired a new position in shares of Hi Crush Partners in the fourth quarter valued at approximately $748,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.
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About Hi Crush Partners
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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