R. F. Lafferty initiated coverage on shares of Hi-Crush Partners (NYSE:HCLP) in a research note published on Wednesday morning. The firm issued a buy rating and a $23.00 target price on the basic materials company’s stock.
Several other equities analysts have also recently weighed in on HCLP. BidaskClub cut shares of Hi-Crush Partners from a buy rating to a hold rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Hi-Crush Partners from a hold rating to a sell rating in a research note on Tuesday, October 17th. Cowen set a $12.00 price objective on shares of Hi-Crush Partners and gave the stock a buy rating in a research note on Wednesday, October 18th. Piper Jaffray Companies set a $12.00 price objective on shares of Hi-Crush Partners and gave the stock a buy rating in a research note on Tuesday, October 31st. Finally, TheStreet upgraded shares of Hi-Crush Partners from a d+ rating to a c+ rating in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Hi-Crush Partners presently has a consensus rating of Buy and an average target price of $17.07.
Hi-Crush Partners (NYSE:HCLP) opened at $12.55 on Wednesday. Hi-Crush Partners has a one year low of $7.25 and a one year high of $23.30. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1,078.71, a P/E ratio of 39.22 and a beta of 1.04.
Institutional investors have recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Hi-Crush Partners in the 4th quarter worth approximately $107,000. GSA Capital Partners LLP purchased a new stake in Hi-Crush Partners in the 3rd quarter worth approximately $129,000. Advisor Group Inc. increased its holdings in Hi-Crush Partners by 80.5% in the 3rd quarter. Advisor Group Inc. now owns 15,780 shares of the basic materials company’s stock worth $151,000 after acquiring an additional 7,036 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Hi-Crush Partners in the 3rd quarter worth approximately $190,000. Finally, CAPROCK Group Inc. purchased a new stake in Hi-Crush Partners in the 3rd quarter worth approximately $190,000. 40.98% of the stock is owned by institutional investors.
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About Hi-Crush Partners
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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