Analysts Set Expectations for Hi-Crush Partners LP’s Q3 2018 Earnings (HCLP)

Hi-Crush Partners LP (NYSE:HCLP) – Research analysts at Jefferies Financial Group issued their Q3 2018 earnings estimates for Hi-Crush Partners in a research note issued to investors on Wednesday, October 17th. Jefferies Financial Group analyst S. Pant forecasts that the basic materials company will post earnings per share of $0.48 for the quarter. Jefferies Financial Group has a “Underperform” rating and a $6.00 price objective on the stock. Jefferies Financial Group also issued estimates for Hi-Crush Partners’ Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $1.98 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $1.23 EPS and FY2020 earnings at $0.40 EPS.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.10). The business had revenue of $248.52 million during the quarter, compared to analyst estimates of $250.12 million. Hi-Crush Partners had a return on equity of 24.51% and a net margin of 22.92%. Hi-Crush Partners’s revenue was up 83.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS.

HCLP has been the subject of a number of other research reports. AltaCorp Capital downgraded Hi-Crush Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday. ValuEngine downgraded Hi-Crush Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday. Seaport Global Securities set a $16.00 target price on Hi-Crush Partners and gave the stock a “buy” rating in a report on Thursday. B. Riley lifted their target price on Hi-Crush Partners from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, Barclays set a $13.00 target price on Hi-Crush Partners and gave the stock a “hold” rating in a report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Hi-Crush Partners presently has an average rating of “Hold” and an average price target of $13.93.

Shares of NYSE HCLP opened at $8.75 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.47. The stock has a market capitalization of $813.21 million, a price-to-earnings ratio of 8.66 and a beta of 1.35. Hi-Crush Partners has a fifty-two week low of $8.62 and a fifty-two week high of $16.65.

In related news, insider William E. Barker sold 12,367 shares of Hi-Crush Partners stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $12.90, for a total transaction of $159,534.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William E. Barker sold 9,444 shares of Hi-Crush Partners stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $12.40, for a total value of $117,105.60. Following the transaction, the insider now owns 17,968 shares of the company’s stock, valued at $222,803.20. The disclosure for this sale can be found here. 34.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in HCLP. SG Americas Securities LLC purchased a new position in Hi-Crush Partners during the second quarter valued at approximately $2,610,000. Foundry Partners LLC purchased a new position in Hi-Crush Partners during the third quarter valued at approximately $1,996,000. Barings LLC purchased a new position in Hi-Crush Partners during the second quarter valued at approximately $1,178,000. Royce & Associates LP purchased a new position in Hi-Crush Partners during the second quarter valued at approximately $1,134,000. Finally, Miller Value Partners LLC raised its position in Hi-Crush Partners by 20.0% during the second quarter. Miller Value Partners LLC now owns 570,000 shares of the basic materials company’s stock valued at $6,726,000 after acquiring an additional 95,000 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

About Hi-Crush Partners

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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Earnings History and Estimates for Hi-Crush Partners (NYSE:HCLP)

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