Hi Crush Partners (HCLP) Now Covered by Stephens

Equities research analysts at Stephens initiated coverage on shares of Hi Crush Partners (NYSE:HCLP) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $16.00 price target on the basic materials company’s stock. Stephens’ target price would suggest a potential upside of 36.75% from the stock’s previous close.

A number of other equities analysts also recently commented on HCLP. Cowen set a $16.00 price objective on shares of Hi Crush Partners and gave the stock a “buy” rating in a report on Monday, January 29th. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hi Crush Partners in a report on Friday, January 19th. R. F. Lafferty raised their price objective on shares of Hi Crush Partners from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. ValuEngine raised shares of Hi Crush Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Piper Jaffray set a $12.00 price objective on shares of Hi Crush Partners and gave the stock a “buy” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Hi Crush Partners currently has a consensus rating of “Buy” and a consensus price target of $16.20.

Shares of Hi Crush Partners stock opened at $11.70 on Thursday. 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 has a fifty-two week low of $7.25 and a fifty-two week high of $16.80. The firm has a market capitalization of $1,029.45, a price-to-earnings ratio of 11.58 and a beta of 1.18.



Hi Crush Partners (NYSE:HCLP) last issued 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 firm had revenue of $216.46 million during the quarter, compared to the consensus estimate of $199.50 million. equities research analysts expect that Hi Crush Partners will post 2.46 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in HCLP. Russell Investments Group Ltd. increased its position in shares of Hi Crush Partners by 91.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 77,856 shares of the basic materials company’s stock worth $740,000 after purchasing an additional 37,109 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Hi Crush Partners during the 3rd quarter worth about $129,000. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of Hi Crush Partners during the 4th quarter worth about $107,000. Covenant Asset Management LLC acquired a new stake in shares of Hi Crush Partners during the 4th quarter worth about $444,000. Finally, Starfire Investment Advisers Inc. acquired a new stake in shares of Hi Crush Partners during the 4th quarter worth about $748,000. Institutional investors and hedge funds 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.

Analyst Recommendations for Hi Crush Partners (NYSE:HCLP)

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