Guggenheim set a $18.00 price objective on Hi Crush Partners (NYSE:HCLP) in a research report report published on Monday. The brokerage currently has a buy rating on the basic materials company’s stock.
HCLP has been the subject of several other reports. Zacks Investment Research downgraded Hi Crush Partners from a hold rating to a strong sell rating in a report on Wednesday, January 3rd. R. F. Lafferty started coverage on Hi Crush Partners in a report on Wednesday, February 14th. They set a buy rating and a $23.00 target price for the company. ValuEngine downgraded Hi Crush Partners from a hold rating to a sell rating in a report on Monday, April 2nd. B. Riley reissued a buy rating and set a $16.00 price target on shares of Hi Crush Partners in a research report on Friday, January 19th. Finally, Cowen set a $13.00 price target on Hi Crush Partners and gave the company a buy rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $16.07.
Shares of NYSE HCLP opened at $11.40 on Monday. Hi Crush Partners has a 12 month low of $7.25 and a 12 month high of $16.80. The firm has a market cap of $1,042.82, a PE ratio of 11.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.53.
Large investors have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services acquired a new position in Hi Crush Partners in the 4th quarter worth about $107,000. GSA Capital Partners LLP acquired a new position in Hi Crush Partners in the 3rd quarter worth about $129,000. Advisor Group Inc. increased its position in Hi Crush Partners by 27.0% in the 4th quarter. Advisor Group Inc. now owns 20,047 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 4,267 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in Hi Crush Partners by 44.8% in the 4th quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 7,513 shares during the last quarter. Finally, Covenant Asset Management LLC acquired a new position in Hi Crush Partners in the 4th quarter worth about $444,000. 34.01% of the stock is currently 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 energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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