Q1 2018 Earnings Estimate for Hi Crush Partners LP (HCLP) Issued By Jefferies Group

Hi Crush Partners LP (NYSE:HCLP) – Investment analysts at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for shares of Hi Crush Partners in a report issued on Wednesday, April 18th. Jefferies Group analyst B. Handler now expects that the basic materials company will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.53. Jefferies Group also issued estimates for Hi Crush Partners’ Q4 2018 earnings at $0.63 EPS.

Hi Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $216.46 million during the quarter, compared to the consensus estimate of $199.50 million. Hi Crush Partners had a net margin of 13.70% and a return on equity of 11.32%.

A number of other brokerages also recently issued reports on HCLP. Guggenheim set a $18.00 price target on shares of Hi Crush Partners and gave the company a “buy” rating in a report on Monday, April 16th. R. F. Lafferty started coverage on shares of Hi Crush Partners in a report on Wednesday, February 14th. They issued a “buy” rating and a $23.00 price target for the company. ValuEngine upgraded shares of Hi Crush Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Piper Jaffray set a $12.00 price target on shares of Hi Crush Partners and gave the company a “buy” rating in a report on Friday, December 29th. Finally, Zacks Investment Research downgraded shares of Hi Crush Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $15.88.

Shares of HCLP opened at $12.10 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1,065.11, a PE ratio of 11.98 and a beta of 1.18. Hi Crush Partners has a 52-week low of $7.25 and a 52-week high of $15.65.

Large investors have recently bought and sold shares of the business. Mountain Lake Investment Management LLC purchased a new position in Hi Crush Partners during the 4th quarter valued at about $1,605,000. Covenant Asset Management LLC purchased a new position in Hi Crush Partners during the 4th quarter valued at about $444,000. Malaga Cove Capital LLC increased its holdings in Hi Crush Partners by 5.2% during the 4th quarter. Malaga Cove Capital LLC now owns 87,364 shares of the basic materials company’s stock valued at $935,000 after acquiring an additional 4,345 shares in the last quarter. Lafitte Capital Management LP increased its holdings in Hi Crush Partners by 24.0% during the 4th quarter. Lafitte Capital Management LP now owns 3,100,000 shares of the basic materials company’s stock valued at $33,170,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Penn Capital Management Co. Inc. boosted its stake in shares of Hi Crush Partners by 44.8% during the 4th quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 7,513 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company’s stock.

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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.

Earnings History and Estimates for Hi Crush Partners (NYSE:HCLP)

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