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Main » Hi-Crush Partners LP Common Uni (NYSE:HCLP) Experiences Heavy Trading Volume

Hi-Crush Partners LP Common Uni (NYSE:HCLP) Experiences Heavy Trading Volume

21 October 2017

More notable recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: which released: "Hi-Crush Partners LP Announces Commencement of Operations at Pecos Terminal" on October 04, 2017, also with their article: "Hi-Crush Partners LP Resumes Distribution for the Third Quarter of 2017 and ..." published on October 17, 2017, published: "Hi-Crush Partners LP Announces Timing of Third Quarter 2017 Financial Results ..." on October 05, 2017.

According to Zacks, "Hi-Crush Partners LP engages in the production of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells". The Company's reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves and related excavation and processing facilities. Wunderlich maintained Hi-Crush Partners LP (NYSE:HCLP) rating on Monday, May 2.

HCLP has been the topic of a number of other reports. Creative Planning added to its ownership by buying 23,625 shares an increase of 487.2% as of 09/30/2017. Piper Jaffray Companies assumed coverage on shares of Hi-Crush Partners in a report on Monday, September 25th.

08/04/2017 - Hi-Crush Partners LP had its "outperform" rating reiterated by analysts at Cowen. Hi-Crush Partners had 45 analyst reports since July 24, 2015 according to SRatingsIntel.

05/25/2017 - Evercore ISI began new coverage on Hi-Crush Partners LP giving the company a "outperform" rating. RBC Capital Markets initiated it with "Outperform" rating and $206 target in Thursday, January 12 report.

08/28/2017 - Hi-Crush Partners LP had its "buy" rating reiterated by analysts at Jefferies. The company has a consensus rating of Buy and a consensus target price of $16.58. Barclays Pcl holds 0.01% in Hi-Crush Partners LP (NYSE:HCLP) or 1.22M shares. Its book value per share for the most recent quarter is $8.28 while its price to book ratio for the same period is 1.17, as for as the company's cash per share for the most recent quarter is $0.29, however its price to cash per share ratio for the same period is 32.82. The stock's market capitalization is $878.44 million. Hi-Crush Partners has a one year low of $7.25 and a one year high of $23.30. The stock is now moving above its 20-Day Simple Moving Average of 0.05% with a 50-Day Simple Moving Average of 10.24 percent.

Hi-Crush Partners LP (NYSE:HCLP) has a 20-day RSI of 53.64%.

In the last earnings report the EPS was $-0.12 and is expected to be $1.00 for the current year with 91,030,000 shares now outstanding. The business had revenue of $135.22 million for the quarter, compared to analyst estimates of $138.61 million. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%.

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While considering growth estimates of the company, it has next quarter growth estimates of 581.8% whereas during current quarter it has 281% estimations over growth, comparing to the estimations of 222.6% during current year and 117.5% for next year. During the same period in the previous year, the firm earned ($0.26) earnings per share. Equities research analysts anticipate that Hi-Crush Partners will post $1.00 earnings per share for the current fiscal year.

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Ratings analysis reveals 50% of Hi-Crush Partners's analysts are positive.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Savings Bank Of Ny Mellon Corporation invested in 0% or 20,462 shares. The ex-dividend date of this dividend is Monday, October 30th.

Hi-Crush Partners LP (HCLP) now the company's industry has 12.51 P/E and the sector P/E is 16.86. Connors Investor Services Inc sold 50,753 shares as the company's stock rose 12.78% with the market. Oceanic Investment Management Ltd owns 566,100 shares or 3.75% of their United States portfolio. Sprott Inc. increased its position in shares of Hi-Crush Partners by 11.9% in the 2nd quarter. The value of the investment in HCLP increased from $33,000 to $35,000 a change of $2,000 quarter to quarter. ING Groep NV raised its position in Hi-Crush Partners by 653.7% during the second quarter. It has underperformed by 5.54% the S&P500.The move comes after 5 months negative chart setup for the $1.30 billion company.

Currently Hi-Crush Partners LP (NYSE:HCLP)'s shares owned by insiders are 1.3%, whereas shares owned by institutional owners are 52%.

Lafitte Capital Management Lp, which manages about $255.42M and $164.00M US Long portfolio, decreased its stake in Eldorado Resorts Inc (NASDAQ:ERI) by 334,257 shares to 1.50M shares, valued at $30.05 million in 2017Q2, according to the filing.