Hi-Crush Partners (HCLP) Stock Rating Upgraded by ValuEngine

Hi-Crush Partners (NYSE:HCLP) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other research analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $12.00 price target on shares of Hi-Crush Partners and gave the stock a “buy” rating in a report on Tuesday, October 31st. BidaskClub raised shares of Hi-Crush Partners from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Cowen set a $12.00 price target on shares of Hi-Crush Partners and gave the stock a “buy” rating in a report on Wednesday, October 18th. Jefferies Group set a $15.00 price target on shares of Hi-Crush Partners and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Johnson Rice raised shares of Hi-Crush Partners from an “accumulate” rating to a “buy” rating and set a $15.00 price target for the company in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Hi-Crush Partners currently has an average rating of “Buy” and an average target price of $16.08.

Hi-Crush Partners (NYSE:HCLP) opened at $11.50 on Wednesday. The stock has a market cap of $1,050.00, a PE ratio of 35.94 and a beta of 0.96. Hi-Crush Partners has a 1-year low of $7.25 and a 1-year high of $23.30. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.24.

Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $167.58 million for the quarter, compared to analysts’ expectations of $168.95 million. Hi-Crush Partners had a return on equity of 5.01% and a net margin of 7.09%. The company’s revenue for the quarter was up 259.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.21) earnings per share. analysts predict that Hi-Crush Partners will post 0.97 EPS for the current fiscal year.

Hi-Crush Partners announced that its board has approved a stock repurchase plan on Tuesday, October 17th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. ING Groep NV grew its position in shares of Hi-Crush Partners by 72.6% in the third quarter. ING Groep NV now owns 2,400,552 shares of the basic materials company’s stock valued at $22,805,000 after purchasing an additional 1,010,000 shares during the last quarter. Ninepoint Partners LP acquired a new stake in shares of Hi-Crush Partners in the third quarter valued at approximately $15,200,000. Clear Harbor Asset Management LLC grew its position in shares of Hi-Crush Partners by 69.5% in the third quarter. Clear Harbor Asset Management LLC now owns 796,137 shares of the basic materials company’s stock valued at $7,563,000 after purchasing an additional 326,414 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Hi-Crush Partners in the second quarter valued at approximately $6,227,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Hi-Crush Partners by 123.3% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 402,000 shares of the basic materials company’s stock valued at $4,362,000 after purchasing an additional 222,000 shares during the last quarter. Institutional investors and hedge funds own 43.87% of the company’s stock.

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About Hi-Crush Partners

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

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

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