Hi Crush Partners LP (NYSE:HCLP) has been given an average recommendation of “Buy” by the twenty analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.06.
HCLP has been the subject of a number of recent research reports. Cowen set a $16.00 price objective on Hi Crush Partners and gave the company a “buy” rating in a research report on Monday, January 29th. Mizuho reiterated a “buy” rating and set a $15.00 price objective on shares of Hi Crush Partners in a research report on Wednesday, April 11th. Zacks Investment Research upgraded Hi Crush Partners from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday, April 19th. Guggenheim set a $18.00 price objective on Hi Crush Partners and gave the company a “buy” rating in a research report on Monday, April 16th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $12.00 price objective on shares of Hi Crush Partners in a research report on Wednesday, March 28th.
A number of large investors have recently made changes to their positions in the business. Lafitte Capital Management LP raised its stake in Hi Crush Partners by 3.2% during the 1st quarter. Lafitte Capital Management LP now owns 3,200,000 shares of the basic materials company’s stock valued at $33,920,000 after purchasing an additional 100,000 shares during the period. JPMorgan Chase & Co. raised its stake in Hi Crush Partners by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,613,585 shares of the basic materials company’s stock valued at $27,704,000 after purchasing an additional 857,878 shares during the period. Clear Harbor Asset Management LLC raised its stake in Hi Crush Partners by 32.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,057,356 shares of the basic materials company’s stock valued at $11,314,000 after purchasing an additional 261,219 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in Hi Crush Partners by 47.2% during the 1st quarter. Intrinsic Edge Capital Management LLC now owns 1,003,941 shares of the basic materials company’s stock valued at $10,642,000 after purchasing an additional 321,728 shares during the period. Finally, Brightline Capital Management LLC increased its stake in shares of Hi Crush Partners by 28.6% in the first quarter. Brightline Capital Management LLC now owns 675,000 shares of the basic materials company’s stock worth $7,155,000 after acquiring an additional 150,000 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors.
HCLP traded down $0.05 during trading on Monday, reaching $14.25. The stock had a trading volume of 2,036,689 shares, compared to its average volume of 1,731,333. Hi Crush Partners has a 1-year low of $7.25 and a 1-year high of $15.35. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 14.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.57.
Hi Crush Partners (NYSE:HCLP) last announced its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Hi Crush Partners had a return on equity of 18.78% and a net margin of 19.44%. The company had revenue of $216.46 million during the quarter, compared to the consensus estimate of $199.50 million. equities analysts expect that Hi Crush Partners will post 2.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a dividend of $0.225 per share. This is an increase from Hi Crush Partners’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend was Monday, April 30th. Hi Crush Partners’s payout ratio is 89.11%.
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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