Hi-Crush Partners LP (NYSE:HCLP) Quarterly Sales Review

Ausiliatrice Cristiano
Agosto 9, 2017

Hi-Crush Partners LP (HCLP), a part of Basic Materials sector and belongs to Industrial Metals & Minerals industry; ended its day with loss -3.80% and finalized at the price of $8.85. According to the past 12 months report, the income was nearly $-6.90M and sales remained $332.40M. The analysts noted that the move was a valuation call. The average analysts gave this company a mean recommendation of 2.10. Jefferies Group LLC reissued a "buy" rating and issued a $32.00 price objective on shares of Hi-Crush Partners in a report on Tuesday, April 11th. Johnson Rice initiated coverage on Hi-Crush Partners in a report on Friday, June 23rd. The stock has "Outperform" rating by Cowen & Co on Monday, December 5. Zacks Investment Research lowered Hi-Crush Partners from a hold rating to a strong sell rating in a report on Wednesday, May 3rd.

Hi-Crush Partners LP (HCLP) reported sales (ttm) of 332.4 Million, whereas, 7 number of analysts estimated the mean sale of 181.36 million. They issued a buy rating and a $20.00 price objective on the stock. Finally, ValuEngine cut shares of Hi-Crush Partners from a "hold" rating to a "sell" rating in a report on Thursday, June 15th. Out of the analyst recommendations 4 rate Hi-Crush Partners LP (NYSE:HCLP) stock a Buy, 5 rate the stock Outperform, 0 rate Hold, 0 rate Underperform and 0 recommend a Sell. Hi-Crush Partners has a consensus rating of Buy and an average target price of $19.91. The company maintains price to book ratio of 1.03 vs.an industry average at 0.92. The stock's market capitalization is $750.89 million.

Hi-Crush Partners LP (NYSE:HCLP) has declined -55.30% since January and is up 6.63% for the past week.

Beta is also an important valuation ratio for analyzing the stock of the company, HCLP has Beta of 1.02 while its industry and Sector's beta remains at 0.68 and 0.94 respectively.

Seadrill Ltd (NYSE:SDRL) has average revenue estimates of $540.21 Million, compared to low analyst estimates of $495 Million and high estimates of $596.5 Million for the current quarter.

While having a peek at profitability ratios Hi-Crush Partners LP (NYSE:HCLP) has trailing twelve month gross margin at 10.6%, its trailing twelve month operating margin stands at 0.9% whereas its trailing twelve month net profit margin spots at -2.1%. The firm's quarterly revenue was up 251.9% compared to the same quarter past year. During the same period in the prior year, the company earned ($0.26) earnings per share. For the current year the company's revenue estimates are $2.08 Billion compared to low analyst estimates of $1.9 Billion and high estimates of $2.33 Billion according to the prediction of 15 analysts.

A look at some of the inputs to technical analysis model shows how Hi-Crush Partners LP current price compares to its recent moving averages. If you are accessing this story on another site, it was copied illegally and republished in violation of United States & global trademark & copyright law. The legal version of this news story can be accessed at https://weekherald.com/2017/08/08/hi-crush-partners-lp-nysehclp-price-target-cut-to-12-00.html. Kayne Anderson Capital Advisors LP increased its stake in shares of Hi-Crush Partners by 17.7% in the second quarter. Round Table Services LLC bought a new stake in shares of Hi-Crush Partners during the first quarter worth approximately $257,000. HITE Hedge Asset Management LLC boosted its position in shares of Hi-Crush Partners by 187.2% in the second quarter. HITE Hedge Asset Management LLC now owns 587,625 shares of the basic materials company's stock valued at $6,376,000 after buying an additional 383,044 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Hi-Crush Partners by 761.9% in the second quarter.

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