Piper Jaffray Companies restated their buy rating on shares of Hi-Crush Partners (NYSE:HCLP) in a research note published on Friday. Piper Jaffray Companies currently has a $13.25 price objective on the basic materials company’s stock.
Several other analysts have also commented on HCLP. TheStreet upgraded shares of Hi-Crush Partners from a d+ rating to a c+ rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Hi-Crush Partners from a hold rating to a sell rating in a report on Wednesday, November 8th. Johnson Rice upgraded shares of Hi-Crush Partners from an accumulate rating to a buy rating and set a $15.00 price objective for the company in a report on Monday, December 4th. B. Riley initiated coverage on shares of Hi-Crush Partners in a report on Wednesday, December 6th. They issued a buy rating and a $16.00 price objective for the company. Finally, Seaport Global Securities initiated coverage on shares of Hi-Crush Partners in a report on Friday, December 8th. They issued a buy rating and a $17.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $16.66.
Shares of Hi-Crush Partners (HCLP) opened at $12.30 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. Hi-Crush Partners has a 1-year low of $7.25 and a 1-year high of $18.70. The company has a market cap of $1,120.00, a PE ratio of 13.67 and a beta of 1.04.
Hedge funds have recently added to or reduced their stakes in the company. Malaga Cove Capital LLC lifted its holdings in shares of Hi-Crush Partners by 27.1% during the third quarter. Malaga Cove Capital LLC now owns 83,019 shares of the basic materials company’s stock valued at $791,000 after purchasing an additional 17,721 shares during the last quarter. Ninepoint Partners LP purchased a new position in shares of Hi-Crush Partners during the third quarter valued at approximately $15,200,000. L & S Advisors Inc raised its holdings in Hi-Crush Partners by 161.9% in the 3rd quarter. L & S Advisors Inc now owns 134,575 shares of the basic materials company’s stock worth $1,278,000 after acquiring an additional 83,200 shares during the last quarter. Covenant Asset Management LLC purchased a new position in Hi-Crush Partners in the 4th quarter worth approximately $444,000. Finally, Royal Bank of Canada raised its holdings in Hi-Crush Partners by 31.7% in 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 during the last quarter. Hedge funds and other institutional investors own 38.63% of the company’s stock.
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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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