Hi Crush Partners (HCLP) Given a $18.00 Price Target at Guggenheim

Posted by on Apr 17th, 2018 // No Comments

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.

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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.

Hi Crush Partners (NYSE:HCLP) last announced its earnings results on Monday, February 19th. The basic materials company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Hi Crush Partners had a return on equity of 11.32% and a net margin of 13.70%. The business had revenue of $216.46 million during the quarter, compared to the consensus estimate of $199.50 million. research analysts anticipate that Hi Crush Partners will post 2.46 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Hi Crush Partners (NYSE:HCLP)

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