AltaCorp Capital Upgrades Hi-Crush Partners (HCLP) to “Sector Perform”

Hi-Crush Partners (NYSE:HCLP) was upgraded by AltaCorp Capital from an “underperform” rating to a “sector perform” rating in a report released on Friday, BenzingaRatingsTable reports.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Hi-Crush Partners from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Jefferies Financial Group reaffirmed a “sell” rating on shares of Hi-Crush Partners in a research report on Tuesday, April 2nd. Finally, UBS Group set a $4.00 price objective on shares of Hi-Crush Partners and gave the stock a “hold” rating in a research report on Monday, January 14th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.29.

HCLP stock opened at $2.66 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 1.85. Hi-Crush Partners has a 52 week low of $2.58 and a 52 week high of $16.65. The stock has a market capitalization of $271.98 million, a P/E ratio of 1.79 and a beta of 1.85.

Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05). Hi-Crush Partners had a net margin of 16.44% and a return on equity of 17.49%. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $180.20 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s revenue was down 26.7% on a year-over-year basis. On average, analysts predict that Hi-Crush Partners will post 0.23 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. CoreCommodity Management LLC bought a new position in Hi-Crush Partners in the 4th quarter valued at approximately $27,000. Sage Capital Advisors llc raised its holdings in Hi-Crush Partners by 72.9% in the 4th quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,400 shares during the last quarter. North Star Investment Management Corp. raised its holdings in Hi-Crush Partners by 40.2% in the 4th quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock valued at $41,000 after buying an additional 3,300 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Hi-Crush Partners in the 1st quarter valued at approximately $44,000. Finally, Lake Point Wealth Management bought a new position in Hi-Crush Partners in the 4th quarter valued at approximately $50,000. 7.97% of the stock is owned by hedge funds and other institutional investors.

Hi-Crush Partners Company Profile

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

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Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

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