Shares of Hi-Crush Partners LP (NASDAQ:HCLP) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, AnalystRatings.Net reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.96.
Hi-Crush Partners (NASDAQ:HCLP) opened at 5.71 on Thursday. The company has a market capitalization of $211.04 million and a price-to-earnings ratio of 6.21. Hi-Crush Partners has a 52-week low of $5.05 and a 52-week high of $40.40. The company’s 50 day moving average is $6.31 and its 200-day moving average is $13.47.
Hi-Crush Partners (NASDAQ:HCLP) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.06. The company had revenue of $81 million for the quarter, compared to the consensus estimate of $81.70 million. Equities analysts anticipate that Hi-Crush Partners will post $0.99 EPS for the current fiscal year.
Several brokerages have commented on HCLP. Raymond James lowered shares of Hi-Crush Partners from an “outperform” rating to a “market perform” rating in a report on Monday, October 5th. lowered shares of Hi-Crush Partners from a “buy” rating to a “sell” rating in a report on Tuesday, October 27th. Zacks Investment Research upgraded shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Friday, December 4th. Jefferies Group decreased their price objective on shares of Hi-Crush Partners to $6.00 and set a “hold” rating for the company in a report on Thursday, October 29th. Finally, Barclays lowered shares of Hi-Crush Partners from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $5.00 in a report on Wednesday, October 28th.
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves and related excavation and processing facilities. Its 751-acre facility with rail infrastructure, located in Wyeville, Wisconsin enables it to process and deliver approximately 1,600,000 tons of 20/70 frac sand per year. It also holds a 98% interest in Augusta. The Company owns and operates the Wyeville facility, which is located in Monroe County, Wisconsin and contains approximately 75.5 million tons of recoverable reserves of frac sand.