A number of other equities analysts also recently commented on the company. Piper Jaffray restated a buy rating and issued a $12.00 price objective on shares of Hi Crush Partners in a report on Wednesday, March 28th. Zacks Investment Research downgraded Hi Crush Partners from a hold rating to a strong sell rating in a report on Wednesday, January 3rd. R. F. Lafferty initiated coverage on Hi Crush Partners in a report on Wednesday, February 14th. They issued a buy rating and a $23.00 price objective on the stock. Barclays initiated coverage on Hi Crush Partners in a report on Friday, December 15th. They issued an equal weight rating and a $12.00 price objective on the stock. Finally, Cowen set a $13.00 price objective on Hi Crush Partners and gave the stock a buy rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $16.20.
NYSE:HCLP opened at $11.70 on Wednesday. Hi Crush Partners has a 52 week low of $7.25 and a 52 week high of $16.80. The company has a market capitalization of $1,038.37, a P/E ratio of 12.26 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.53 and a current ratio of 1.99.
A number of hedge funds have recently made changes to their positions in HCLP. First National Bank of Mount Dora Trust Investment Services acquired a new position in Hi Crush Partners during the fourth quarter valued at approximately $107,000. GSA Capital Partners LLP acquired a new position in Hi Crush Partners during the third quarter valued at approximately $129,000. Advisor Group Inc. grew its holdings 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 valued at $215,000 after purchasing an additional 4,267 shares during the last quarter. Penn Capital Management Co. Inc. grew its holdings in Hi Crush Partners by 44.8% during the fourth quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 7,513 shares during the last quarter. Finally, Griffin Asset Management Inc. acquired a new position in Hi Crush Partners during the third quarter valued at approximately $316,000. Institutional investors own 34.01% of the company’s stock.
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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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