Hi-Crush Partners LP (HCLP) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.22. The company posted revenue of $38.43 million in the period, compared to analysts expectations of $47.96 million. The company’s revenue was down -54.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Hi-Crush Partners LP. Company shares were Upgraded by Jefferies on Jul 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $6 .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 .
Hi-Crush Partners LP opened for trading at $11.33 and hit $11.99 on the upside on Friday, eventually ending the session at $11.57, with a gain of 1.31% or 0.15 points. The heightened volatility saw the trading volume jump to 5,97,055 shares. Company has a market cap of $429 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.