The stock of Hi-Crush Partners LP (NYSE:HCLP) hit a new 52-week high and has $23.41 target or 31.00% above today’s $17.87 share price. The 7 months bullish chart indicates low risk for the $1.04B company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $23.41 price target is reached, the company will be worth $322.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 593,446 shares traded hands. Hi-Crush Partners LP (NYSE:HCLP) has risen 264.76% since March 4, 2016 and is uptrending. It has outperformed by 256.72% the S&P500.
Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on October, 24. They expect $-0.16 EPS, down 206.67% or $0.31 from last year’s $0.15 per share. After $-0.26 actual EPS reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts -38.46% EPS growth.
Hi-Crush Partners LP (NYSE:HCLP) Ratings Coverage
Out of 11 analysts covering Hi-Crush Partners (NYSE:HCLP), 4 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 36% are positive. Hi-Crush Partners has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Monday, October 5 the stock rating was downgraded by Raymond James to “Mkt Perform”. The rating was upgraded by Raymond James to “Strong Buy” on Wednesday, June 15. The stock has “Hold” rating given by Wunderlich on Tuesday, June 14. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Buy” rating by Jefferies on Tuesday, September 13. The stock has “Underperform” rating given by Robert W. Baird on Tuesday, October 27. The firm has “Outperform” rating by Cowen & Co given on Friday, August 7. Wunderlich maintained it with “Hold” rating and $5 target price in Wednesday, February 24 report. The company was downgraded on Wednesday, August 12 by Robert W. Baird. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 7. The stock of Hi-Crush Partners LP (NYSE:HCLP) has “Buy” rating given on Tuesday, September 13 by Raymond James.
According to Zacks Investment Research, “Hi-Crush Partners LP engages in the production of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Company reserves consist of Northern White sand, a resource existing 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. Hi-Crush Partners LP is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.47, from 0.66 in 2016Q1. The ratio increased, as 15 funds sold all Hi-Crush Partners LP shares owned while 17 reduced positions. 20 funds bought stakes while 16 increased positions. They now own 16.87 million shares or 151.29% more from 6.71 million shares in 2016Q1.
Thompson Davis And Co has 0% invested in the company for 250 shares. Moreover, Deere And Com has 0.03% invested in Hi-Crush Partners LP (NYSE:HCLP) for 37,998 shares. Moreover, Credit Suisse Ag has 0.01% invested in Hi-Crush Partners LP (NYSE:HCLP) for 675,567 shares. Clearbridge Ltd Liability Corporation has invested 0.15% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Ing Groep Nv has invested 0.15% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). North Star Invest Mngmt Corp has 5,000 shares for 0.01% of their US portfolio. Moreover, Wells Fargo & Mn has 0% invested in Hi-Crush Partners LP (NYSE:HCLP) for 20,230 shares. Stifel Fincl owns 75,906 shares or 0% of their US portfolio. Barnett And has 21,020 shares for 0.15% of their US portfolio. Winfield Associates has 26,250 shares for 0.22% of their US portfolio. Pnc Fincl Svcs Gru holds 0% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP) for 20,168 shares. Berson & Corrado Investment Advsr Limited Liability Company has invested 0.28% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). California Public Employees Retirement Sys, a California-based fund reported 181,800 shares. The Illinois-based Peak6 Lp has invested 0% in Hi-Crush Partners LP (NYSE:HCLP). Deutsche State Bank Ag holds 243,700 shares or 0% of its portfolio.
More recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: Fool.com which released: “Hi-Crush Partners LP’s Stock Continued Its Long Decline in December With a 26 …” on January 08, 2016. Also Streetinsider.com published the news titled: “UPDATE: UBS Upgrades Hi-Crush Partners LP (HCLP) to Neutral” on September 28, 2016. Seekingalpha.com‘s news article titled: “Hi-Crush Partners LP (HCLP) Robert E. Rasmus on Q4 2015 Results – Earnings …” with publication date: February 23, 2016 was also an interesting one.
HCLP Company Profile
Hi-Crush Partners LP, incorporated on May 8, 2012, is a producer and supplier of monocrystalline sand. The Firm is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. The Company’s 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. The Company’s 857-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility) contains approximately 82.1 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. It also holds approximately 98% interest in Augusta facility, which is located in Eau Claire County, Wisconsin and contains over 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. It operates through a logistics network of rail-served destination terminals located throughout Pennsylvania, Ohio, New York and Texas.
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