R. F. Lafferty set a $10.00 price objective on Hi-Crush Partners (NYSE:HCLP) in a research note released on Tuesday morning. The firm currently has a buy rating on the basic materials company’s stock.
A number of other research firms have also weighed in on HCLP. Piper Jaffray Companies set a $10.00 price target on shares of Hi-Crush Partners and gave the company a hold rating in a research report on Tuesday, October 2nd. Barclays assumed coverage on shares of Hi-Crush Partners in a research report on Thursday, August 16th. They issued an equal weight rating and a $14.00 price objective on the stock. Zacks Investment Research lowered shares of Hi-Crush Partners from a hold rating to a sell rating in a research report on Thursday, October 25th. B. Riley lowered their price objective on shares of Hi-Crush Partners from $18.00 to $15.00 and set a buy rating on the stock in a research report on Thursday, September 6th. Finally, Jefferies Financial Group downgraded shares of Hi-Crush Partners from a hold rating to an underperform rating and set a $6.00 target price for the company. in a research note on Wednesday, October 17th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Hi-Crush Partners has a consensus rating of Hold and an average price target of $11.73.
NYSE:HCLP opened at $5.28 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 2.70 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $544.70 million, a price-to-earnings ratio of 5.23 and a beta of 1.50. Hi-Crush Partners has a 12 month low of $5.04 and a 12 month high of $16.65.
Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Hi-Crush Partners had a net margin of 21.37% and a return on equity of 24.52%. The firm had revenue of $213.97 million for the quarter, compared to analyst estimates of $212.11 million. During the same period last year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. As a group, research analysts anticipate that Hi-Crush Partners will post 1.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st were issued a $0.225 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 17.05%. Hi-Crush Partners’s payout ratio is 89.11%.
In other news, insider William E. Barker sold 9,444 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $12.40, for a total value of $117,105.60. Following the completion of the sale, the insider now directly owns 17,968 shares in the company, valued at approximately $222,803.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 34.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in Hi-Crush Partners during the 3rd quarter valued at $124,000. Wedbush Securities Inc. bought a new stake in Hi-Crush Partners during the 3rd quarter valued at $151,000. Private Advisor Group LLC bought a new stake in Hi-Crush Partners during the 2nd quarter valued at $167,000. Ingalls & Snyder LLC bought a new stake in Hi-Crush Partners during the 2nd quarter valued at $198,000. Finally, B. Riley Wealth Management Inc. bought a new stake in Hi-Crush Partners during the 3rd quarter valued at $191,000. Hedge funds and other institutional investors own 13.35% of the company’s stock.
Hi-Crush Partners Company Profile
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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