The stock of Hi-Crush Partners LP (NYSE:HCLP) is a huge mover today! About 281,615 shares traded hands. Hi-Crush Partners LP (NYSE:HCLP) has risen 240.32% since March 15, 2016 and is uptrending. It has outperformed by 234.83% the S&P500.
The move comes after 6 months positive chart setup for the $952.99 million company. It was reported on Oct, 18 by Barchart.com. We have $28.08 PT which if reached, will make NYSE:HCLP worth $571.79 million more.
Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on October, 24. They expect $-0.16 earnings per share, down 206.67% or $0.31 from last year’s $0.15 per share. After $-0.26 actual earnings per share 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. The company was maintained on Wednesday, October 28 by Cowen & Co. UBS downgraded Hi-Crush Partners LP (NYSE:HCLP) rating on Tuesday, October 27. UBS has “Sell” rating and $4 price target. Wunderlich maintained it with “Hold” rating and $11 target price in Tuesday, June 14 report. UNS downgraded Hi-Crush Partners LP (NYSE:HCLP) on Tuesday, October 27 to “Sell” rating. The stock of Hi-Crush Partners LP (NYSE:HCLP) has “Hold” rating given on Thursday, October 1 by Wunderlich. DA Davidson maintained the shares of HCLP in a report on Friday, February 26 with “Buy” rating. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 7. The stock has “Outperform” rating given by Cowen & Co on Friday, August 7. As per Wednesday, February 24, the company rating was maintained by Wunderlich. Robert W. Baird downgraded Hi-Crush Partners LP (NYSE:HCLP) on Tuesday, October 27 to “Underperform” rating.
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 Q2 2016. Its up 0.47, from 0.66 in 2016Q1. The ratio improved, 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.
Hite Hedge Asset Mngmt Limited Liability Co accumulated 96,630 shares or 0.51% of the stock. Moreover, Jefferies Grp Inc Limited Liability Company has 0% invested in Hi-Crush Partners LP (NYSE:HCLP) for 18,200 shares. Pnc Group Inc Incorporated Inc holds 20,168 shares or 0% of its portfolio. Envestnet Asset Inc holds 9,000 shares or 0% of its portfolio. Whitnell & accumulated 0% or 500 shares. Fmr Limited has 0% invested in the company for 1.89 million shares. Ladenburg Thalmann Financial Svcs has 0% invested in the company for 4,780 shares. Brown Brothers Harriman And, a New York-based fund reported 700 shares. Clearbridge Limited Company holds 0.15% or 569,498 shares in its portfolio. California Public Employees Retirement Systems owns 181,800 shares or 0% of their US portfolio. Sprott, a Ontario – Canada-based fund reported 300,000 shares. Winfield Assoc reported 26,250 shares or 0.22% of all its holdings. Spot Trading Llc has invested 0.01% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Wells Fargo & Communication Mn, a California-based fund reported 20,230 shares. Gsa Cap Partners Ltd Liability Partnership has 0.02% invested in the company for 31,900 shares.
More important 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 Nasdaq.com published article titled: “Hi-Crush Partners LP Announces an Amendment to a Customer Contract, the …”, Streetinsider.com published: “UPDATE: UBS Upgrades Hi-Crush Partners LP (HCLP) to Neutral” on September 28, 2016. More interesting news about Hi-Crush Partners LP (NYSE:HCLP) was released by: Seekingalpha.com and their article: “Hi-Crush Partners LP (HCLP) Robert E. Rasmus on Q4 2015 Results – Earnings …” with publication date: February 23, 2016.
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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