Wall Street analysts expect Hi-Crush Partners LP (NYSE:HCLP) to post earnings of $0.55 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hi-Crush Partners’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.62. Hi-Crush Partners posted earnings of ($0.07) per share during the same quarter last year, which suggests a positive year over year growth rate of 885.7%. The firm is scheduled to announce its next earnings results on Monday, May 7th.
According to Zacks, analysts expect that Hi-Crush Partners will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $1.98 to $2.87. For the next fiscal year, analysts expect that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.20 to $2.37. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Hi-Crush Partners.
Several equities research analysts have issued reports on the stock. R. F. Lafferty boosted their price objective on shares of Hi-Crush Partners from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. B. Riley reissued a “buy” rating and issued a $16.00 price objective on shares of Hi-Crush Partners in a research report on Friday, January 19th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $13.25 price target on shares of Hi-Crush Partners in a research report on Friday. Zacks Investment Research raised shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Cowen set a $16.00 price target on shares of Hi-Crush Partners and gave the stock a “buy” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Hi-Crush Partners has a consensus rating of “Buy” and an average price target of $16.66.
Hi-Crush Partners (HCLP) traded down $0.05 during trading on Friday, reaching $12.25. 916,791 shares of the company’s stock traded hands, compared to its average volume of 1,988,473. The stock has a market cap of $1,120.00, a PE ratio of 13.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.53 and a current ratio of 1.99. Hi-Crush Partners has a 12 month low of $7.25 and a 12 month high of $18.70.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Thursday, February 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Hi-Crush Partners’s previous quarterly dividend of $0.15. Hi-Crush Partners’s dividend payout ratio is presently 88.89%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Hi-Crush Partners by 70.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 20,462 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 8,431 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Hi-Crush Partners by 252.3% during the 2nd quarter. Wells Fargo & Company MN now owns 52,318 shares of the basic materials company’s stock worth $568,000 after acquiring an additional 37,469 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Hi-Crush Partners by 67.7% during the 2nd quarter. Stifel Financial Corp now owns 27,238 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 11,000 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Hi-Crush Partners by 31.7% during the 2nd quarter. Royal Bank of Canada now owns 45,522 shares of the basic materials company’s stock worth $494,000 after acquiring an additional 10,950 shares in the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of Hi-Crush Partners during the 3rd quarter worth approximately $190,000. 38.63% of the stock is owned by hedge funds and other institutional investors.
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Hi-Crush Partners Company Profile
Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
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