Hi-Crush Partners LP (HCLP) was Upgraded by Raymond James to ” Strong Buy”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Jun 15, 2016.
Many Wall Street Analysts have commented on Hi-Crush Partners LP. Hi-Crush Partners LP was Upgraded by Raymond James to ” Strong Buy” on Jun 15, 2016. Company shares were Reiterated by Wunderlich on Jun 14, 2016 to “Hold”, Firm has raised the Price Target to $ 11 from a previous price target of $6 .DA Davidson Downgraded Hi-Crush Partners LP on Jun 13, 2016 to ” Underperform”, Price Target of the shares are set at $10.
On the company’s financial health, Hi-Crush Partners LP reported $-0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.33 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.15. The company had revenue of $52.15 million for the quarter, compared to analysts expectations of $53.90 million. The company’s revenue was down -48.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Hi-Crush Partners LP opened for trading at $11.76 and hit $12.14 on the upside on Tuesday, eventually ending the session at $11.93, with a gain of 0.85% or 0.1 points. The heightened volatility saw the trading volume jump to 7,69,005 shares. Company has a market cap of $442 M.
In a different news, on Aug 19, 2015, Robert E. Rasmus (CEO) purchased 28,089 shares at $15.64 per share price.
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. Its 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. Its 751-acre facility with rail infrastructure located in Wyeville Wisconsin enables it to process and deliver approximately 1600000 tons of 20/70 frac sand per year. It also holds a 98% interest in Augusta. The Company owns and operates the Wyeville facility which is located in Monroe County Wisconsin and contains approximately 75.5 million tons of recoverable reserves of frac sand.