Hi-Crush Partners (HCLP) Reaches New 12-Month Low at $2.31

Hi-Crush Partners LP (NYSE:HCLP) shares reached a new 52-week low on Wednesday . The company traded as low as $2.31 and last traded at $2.35, with a volume of 50215 shares changing hands. The stock had previously closed at $2.52.

A number of research analysts recently weighed in on HCLP shares. Zacks Investment Research raised shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Jefferies Financial Group reissued a “sell” rating on shares of Hi-Crush Partners in a research report on Tuesday, April 2nd. AltaCorp Capital raised shares of Hi-Crush Partners from an “underperform” rating to a “sector perform” rating in a research report on Friday, May 10th. Finally, Barclays reissued a “sell” rating and set a $2.00 price target on shares of Hi-Crush Partners in a research report on Wednesday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. Hi-Crush Partners has an average rating of “Hold” and an average target price of $9.04.

The stock has a market capitalization of $233.55 million, a P/E ratio of 1.56 and a beta of 1.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.53.

Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The company had revenue of $159.90 million during the quarter, compared to the consensus estimate of $180.20 million. Hi-Crush Partners had a return on equity of 10.24% and a net margin of 9.99%. The business’s revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Equities analysts predict that Hi-Crush Partners LP will post -0.04 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Sage Capital Advisors llc raised its position in Hi-Crush Partners by 72.9% in the fourth quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,400 shares during the period. California Public Employees Retirement System raised its position in shares of Hi-Crush Partners by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 229,584 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 4,742 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Hi-Crush Partners by 33.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,274 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 6,610 shares during the period. CoreCommodity Management LLC bought a new stake in shares of Hi-Crush Partners in the fourth quarter valued at approximately $27,000. Finally, Coastal Investment Advisors Inc. bought a new stake in shares of Hi-Crush Partners in the first quarter valued at approximately $33,000. 7.92% of the stock is currently owned by institutional investors and hedge funds.

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About Hi-Crush Partners (NYSE:HCLP)

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.

Further Reading: Stock Split

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