ValuEngine Upgrades Hi-Crush Partners (HCLP) to “Sell”

ValuEngine upgraded shares of Hi-Crush Partners (NYSE:HCLP) from a strong sell rating to a sell rating in a research note published on Tuesday.

A number of other research firms also recently issued reports on HCLP. Cowen downgraded Hi-Crush Partners from an outperform rating to a market perform rating and set a $16.00 price target for the company. in a research note on Monday, July 30th. They noted that the move was a valuation call. Credit Suisse Group boosted their price target on Hi-Crush Partners from $15.00 to $17.00 and gave the company an outperform rating in a research note on Thursday, August 2nd. Jefferies Financial Group downgraded Hi-Crush Partners from a buy rating to a hold rating and set a $15.00 price target for the company. in a research note on Wednesday, July 25th. B. Riley boosted their price target on Hi-Crush Partners from $17.00 to $18.00 and gave the company a buy rating in a research note on Tuesday, July 24th. Finally, TheStreet upgraded Hi-Crush Partners from a c+ rating to a b- rating in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Hi-Crush Partners has a consensus rating of Hold and an average price target of $15.13.

NYSE HCLP traded down $0.23 during trading hours on Tuesday, hitting $10.24. The company’s stock had a trading volume of 1,720,991 shares, compared to its average volume of 1,896,375. Hi-Crush Partners has a 12 month low of $8.60 and a 12 month high of $16.65. The company has a market capitalization of $954.64 million, a price-to-earnings ratio of 10.14 and a beta of 1.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.85.

Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.10). The firm had revenue of $248.52 million for the quarter, compared to the consensus estimate of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The company’s revenue for the quarter was up 83.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts predict that Hi-Crush Partners will post 2.49 earnings per share for the current fiscal year.

In related news, insider William E. Barker sold 12,367 shares of the business’s 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William E. Barker sold 9,444 shares of the business’s 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. Insiders own 34.80% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Private Advisor Group LLC purchased a new position in Hi-Crush Partners in the 2nd quarter worth approximately $167,000. Ingalls & Snyder LLC purchased a new position in Hi-Crush Partners in the 2nd quarter worth approximately $198,000. First National Trust Co purchased a new position in Hi-Crush Partners in the 2nd quarter worth approximately $238,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Hi-Crush Partners by 213.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,278 shares of the basic materials company’s stock worth $363,000 after purchasing an additional 23,343 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in Hi-Crush Partners in the 2nd quarter worth approximately $434,000. Institutional investors own 24.26% of the company’s stock.

Hi-Crush Partners Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

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