According to Zacks, "Hi-Crush Partners LP engages in the production of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells". The Company's reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. Hi-Crush Partners LP is based in Houston, Texas.
Yorkville Capital Limited Liability reported 4.02% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Jefferies Group LLC reaffirmed a buy rating and issued a $30.00 target price on shares of Hi-Crush Partners in a report on Tuesday, May 30th. Evercore ISI assumed coverage on Hi-Crush Partners in a research report on Thursday, May 25th. Analysts set a 12-month price target of $132.78 a share.
On June 23, 2017 Johnson Rice added HCLP to its research portfolio setting a rating of "Accumulate".
On September 28 the stock rating was upgraded to "Neutral" from "Sell" with a current price target of $15.00 in a report from UBS. Guggenheim Cap Limited Co has 0.01% invested in Hi-Crush Partners LP (NYSE:HCLP) for 117,481 shares. On September 9 Ladenburg Thalmann made no change to the stock rating of "Buy" and moved down the price target to $21.00 from $57.00. LogMeIn, Inc. has 2 buy ratings, 3 holds and 0 sells even after the stock tumbled -10.89% from its high of $123.95 to a $5.82 billion market value through last close.
The stock of Hi-Crush Partners LP (NYSE:HCLP) is a huge mover today!
Shares of Hi-Crush Partners (NYSE HCLP) traded up 6.45% during trading on Wednesday, hitting $9.90. Morgan Stanley now owns 10,011,999 shares of the basic materials company's stock worth $173,709,000 after buying an additional 1,633,971 shares in the last quarter. It worsened, as 13 investors sold Hi-Crush Partners LP shares while 24 reduced holdings. It is trading at $9.90 just a bit lower than $12.47, the stock's 50 day moving average and slightly below the 200 day moving average of $16.40. The company has market cap of $886.99 million.
WARNING: "Bronson Point Management LLC Purchases New Position in Hi-Crush Partners LP (NYSE:HCLP)" was published by BBNS and is owned by of BBNS. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.04. The company had revenue of $83.40 million during the quarter, compared to analysts' expectations of $84.31 million. Raymond James upgraded Hi-Crush Partners LP (NYSE:HCLP) on Wednesday, June 15 to "Strong Buy" rating. Hi-Crush Partners's revenue for the quarter was up 60.1% compared to the same quarter previous year. During the same period past year, the business earned ($0.48) EPS. Equities analysts forecast that Hi-Crush Partners LP will post $0.99 earnings per share for the current fiscal year.
Investors wait Hi-Crush Partners LP (NYSE:HCLP) to report on August, 1. its quarterly earnings Wall Street analysts expect $0.15 earnings per share, up $0.41 or 157.69 % from last year's $-0.26 same quarter earnings. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and worldwide copyright & trademark laws. Finally, Zacks Investment Research lowered shares of Hi-Crush Partners from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 25th. Finally, Round Table Services LLC purchased a new stake in shares of Hi-Crush Partners during the first quarter worth about $257,000. IFP Advisors Inc now owns 11,938 shares of the basic materials company's stock worth $207,000 after buying an additional 9,509 shares during the last quarter. Next Financial Group, Inc expanded its holdings by buying 12,000 shares an increase of 761.9% from 03/31/2017 to 06/30/2017. Next Financial Group, Inc now controls 13,575 shares worth $147,000.
Reaves W H & Co Inc holds 4.11% of its portfolio in SCANA Corporation for 1.50 million shares. FMR LLC boosted its stake in shares of Hi-Crush Partners by 1.1% in the fourth quarter.