The stock of Hi-Crush Partners LP (NYSE:HCLP) hit a new 52-week high and has $19.29 target or 6.00% above today’s $18.20 share price. The 9 months bullish chart indicates low risk for the $1.14 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $19.29 price target is reached, the company will be worth $68.40M 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 548,749 shares traded hands. Hi-Crush Partners LP (NYSE:HCLP) has risen 103.07% since April 27, 2016 and is uptrending. It has outperformed by 97.84% the S&P500.
Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on February, 28. They expect $-0.09 EPS, down 125.71% or $0.44 from last year’s $0.35 per share. After $-0.21 actual EPS reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts -57.14% 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. $25 is the highest target while $4 is the lowest. The $12.95 average target is -28.85% below today’s ($18.2) stock price. Hi-Crush Partners has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by Raymond James on Monday, October 5. DA Davidson downgraded the shares of HCLP in a report on Monday, June 13 to “Underperform” rating. DA Davidson initiated the stock with “Buy” rating in Monday, December 7 report. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Outperform” rating by Credit Suisse on Wednesday, June 1. The firm has “Hold” rating by Wunderlich given on Thursday, October 1. The stock has “Strong Buy” rating given by Raymond James on Wednesday, June 15. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 7. The rating was maintained by Cowen & Co with “Outperform” on Friday, August 7. The rating was maintained by Wunderlich on Wednesday, February 24 with “Hold”. The company was maintained on Friday, February 26 by DA Davidson.
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 1.63 in Q2 2016. Its up 0.50, from 1.13 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.
Focused Wealth Mngmt holds 200 shares or 0% of its portfolio. Mcf Advsrs Ltd Com has 1,379 shares for 0% of their US portfolio. Peconic Ltd Llc accumulated 67,380 shares or 0.11% of the stock. Berson And Corrado Advsrs Ltd, a New York-based fund reported 33,390 shares. Credit Suisse Ag last reported 675,567 shares in the company. Hite Hedge Asset Mngmt Ltd Liability Corporation last reported 96,630 shares in the company. Driehaus Cap Limited Liability has 26,150 shares for 0.01% of their US portfolio. Royal National Bank Of Canada holds 26,532 shares or 0% of its portfolio. The New York-based Selz Capital Lc has invested 0.54% in Hi-Crush Partners LP (NYSE:HCLP). Whitnell & has 0% invested in the company for 500 shares. Ing Groep Nv last reported 0.15% of its portfolio in the stock. Raymond James Financial Ser Advsrs Incorporated reported 55,144 shares or 0.01% of all its holdings. Lafitte Capital Management Limited Partnership owns 186,499 shares or 1.61% of their US portfolio. Pnc Fincl Group Inc has 0% invested in the company for 20,168 shares. Goldman Sachs Group Inc owns 1.32M shares or 0.01% of their US portfolio.
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 Seekingalpha.com published article titled: “Hi-Crush Partners LP (HCLP) Q3 2016 Results – Earnings Call Transcript”, Seekingalpha.com published: “Hi-Crush Partners LP (HCLP) Robert E. Rasmus on Q4 2015 Results – Earnings …” on February 23, 2016. More interesting news about Hi-Crush Partners LP (NYSE:HCLP) was released by: Streetinsider.com and their article: “UPDATE: UBS Upgrades Hi-Crush Partners LP (HCLP) to Neutral” with publication date: September 28, 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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