Guggenheim reaffirmed their buy rating on shares of Hi-Crush Partners (NYSE:HCLP) in a report released on Friday morning. They currently have a $20.00 price target on the basic materials company’s stock.
Other equities analysts have also recently issued research reports about the stock. Cowen set a $13.00 price objective on shares of Hi-Crush Partners and gave the stock a buy rating in a research note on Thursday, January 11th. Seaport Global Securities initiated coverage on shares of Hi-Crush Partners in a research note on Friday, December 8th. They issued a buy rating and a $17.00 price objective on the stock. B. Riley began coverage on shares of Hi-Crush Partners in a research note on Wednesday, December 6th. They issued a buy rating and a $16.00 price objective on the stock. Johnson Rice raised shares of Hi-Crush Partners from an accumulate rating to a buy rating and set a $15.00 target price on the stock in a research report on Monday, December 4th. Finally, ValuEngine raised shares of Hi-Crush Partners from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hi-Crush Partners currently has a consensus rating of Buy and a consensus price target of $16.66.
Hi-Crush Partners (NYSE:HCLP) opened at $12.30 on Friday. The stock has a market cap of $1,096.30, a P/E ratio of 12.95 and a beta of 1.04. 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 52 week low of $7.25 and a 52 week high of $18.70.
Several institutional investors have recently added to or reduced their stakes in HCLP. First National Bank of Mount Dora Trust Investment Services purchased a new position in Hi-Crush Partners during the fourth quarter valued at approximately $107,000. GSA Capital Partners LLP purchased a new position in Hi-Crush Partners during the third quarter valued at approximately $129,000. Advisor Group Inc. grew its position in Hi-Crush Partners by 80.5% during the third quarter. Advisor Group Inc. now owns 15,780 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 7,036 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in Hi-Crush Partners during the third quarter valued at approximately $190,000. Finally, Bank of New York Mellon Corp grew its position in Hi-Crush Partners by 70.1% during the second quarter. Bank of New York Mellon Corp now owns 20,462 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 8,431 shares in the last quarter. 38.63% of the stock is currently owned by institutional investors and hedge funds.
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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