Hi-Crush Partners (HCLP) Bonds Trading 1.4% Lower

An issue of Hi-Crush Partners LP (NYSE:HCLP) debt fell 1.4% against its face value during trading on Tuesday. The debt issue has a 9.5% coupon and will mature on August 1, 2026. The bonds in the issue are now trading at $85.00 and were trading at $92.50 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. AltaCorp Capital lowered Hi-Crush Partners from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 16th. ValuEngine lowered Hi-Crush Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 17th. B. Riley upped their price objective on Hi-Crush Partners from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Finally, Seaport Global Securities set a $16.00 price objective on Hi-Crush Partners and gave the stock a “buy” rating in a research note on Thursday, October 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.80.

Shares of HCLP stock opened at $8.03 on Wednesday. Hi-Crush Partners LP has a 52-week low of $7.35 and a 52-week high of $16.65. The company has a quick ratio of 1.47, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $742.49 million, a price-to-earnings ratio of 7.95 and a beta of 1.35.



Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.10). Hi-Crush Partners had a return on equity of 24.51% and a net margin of 22.92%. The business had revenue of $248.52 million during the quarter, compared to analysts’ expectations of $250.12 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s quarterly revenue was up 83.8% on a year-over-year basis. Analysts expect that Hi-Crush Partners LP will post 2.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Thursday, November 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.90 dividend on an annualized basis and a yield of 11.21%. Hi-Crush Partners’s payout ratio is presently 297.03%.

In other news, insider William E. Barker sold 12,367 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $12.90, for a total transaction of $159,534.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William E. Barker sold 9,444 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $12.40, for a total value of $117,105.60. Following the transaction, the insider now owns 17,968 shares of the company’s stock, valued at approximately $222,803.20. The disclosure for this sale can be found here. Corporate insiders own 34.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp grew its position in shares of Hi-Crush Partners by 10.9% during the second quarter. Van ECK Associates Corp now owns 239,227 shares of the basic materials company’s stock valued at $2,823,000 after purchasing an additional 23,590 shares in the last quarter. Malaga Cove Capital LLC grew its position in shares of Hi-Crush Partners by 13.1% during the third quarter. Malaga Cove Capital LLC now owns 118,544 shares of the basic materials company’s stock valued at $1,292,000 after purchasing an additional 13,750 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Hi-Crush Partners by 4.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 312,676 shares of the basic materials company’s stock valued at $3,690,000 after purchasing an additional 14,400 shares in the last quarter. Ingalls & Snyder LLC purchased a new position in shares of Hi-Crush Partners during the second quarter valued at about $198,000. Finally, Royce & Associates LP purchased a new position in shares of Hi-Crush Partners during the second quarter valued at about $1,134,000. Hedge funds and other institutional investors own 24.90% of the company’s stock.

Hi-Crush Partners Company Profile (NYSE:HCLP)

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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