The stock of Hi-Crush Partners LP (NYSE:HCLP) is a huge mover today! About 1.02 million shares traded hands or 50.95% up from the average. 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.
The move comes after 9 months positive chart setup for the $1.09 billion company. It was reported on Nov, 30 by Barchart.com. We have $17.97 PT which if reached, will make NYSE:HCLP worth $32.70M more.
Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on February, 28. They expect $-0.09 earnings per share, down 125.71% or $0.44 from last year’s $0.35 per share. After $-0.21 actual earnings per share 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. Hi-Crush Partners has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Wunderlich maintained Hi-Crush Partners LP (NYSE:HCLP) rating on Tuesday, June 14. Wunderlich has “Hold” rating and $11 price target. Robert W. Baird downgraded Hi-Crush Partners LP (NYSE:HCLP) on Tuesday, October 27 to “Underperform” rating. Credit Suisse upgraded the shares of HCLP in a report on Wednesday, June 1 to “Outperform” rating. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, October 28. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Neutral” rating by Credit Suisse on Friday, September 4. The stock of Hi-Crush Partners LP (NYSE:HCLP) has “Outperform” rating given on Wednesday, August 12 by Robert W. Baird. The company was maintained on Monday, September 28 by UBS. Cowen & Co maintained it with “Outperform” rating and $25 target price in Friday, August 7 report. The firm earned “Buy” rating on Monday, December 7 by DA Davidson. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Outperform” rating by Cowen & Co on Wednesday, October 28.
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 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.
Driehaus Mngmt Ltd Co accumulated 26,150 shares or 0.01% of the stock. Sprott Inc holds 300,000 shares or 0.2% of its portfolio. Moreover, Top Ace Asset Mgmt has 10.21% invested in Hi-Crush Partners LP (NYSE:HCLP) for 550,000 shares. The Pennsylvania-based Pnc Financial Services Grp has invested 0% in Hi-Crush Partners LP (NYSE:HCLP). Credit Suisse Ag reported 675,567 shares or 0.01% of all its holdings. Glg Prtn Ltd Partnership, a United Kingdom-based fund reported 250,490 shares. Peak6 Investments Lp reported 1,840 shares or 0% of all its holdings. Focused Wealth Management Inc, a New York-based fund reported 200 shares. Creative Planning last reported 3,389 shares in the company. Bronson Point Mgmt has invested 0.13% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Ladenburg Thalmann Fincl Services owns 4,780 shares or 0% of their US portfolio. Deere & Com holds 0.03% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP) for 37,998 shares. Guggenheim Capital Ltd Limited Liability Company has 0.01% invested in the company for 189,635 shares. Geduld E E reported 15,000 shares or 0.26% of all its holdings. Grp Inc One Trading Limited Partnership last reported 0.01% of its portfolio in the stock.
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 Seekingalpha.com published the news titled: “Hi-Crush Partners LP (HCLP) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016. Streetinsider.com‘s news article titled: “UPDATE: UBS Upgrades Hi-Crush Partners LP (HCLP) to Neutral” with publication date: September 28, 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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