Hi-Crush Partners LP (HCLP) was Upgraded by UBS to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $9 . Earlier the firm had a rating of “Sell ” on the company shares. UBS advised their investors in a research report released on Sep 28, 2016.
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 .
On the company’s financial health, Hi-Crush Partners LP reported $-0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.22. The company had revenue of $38.43 million for the quarter, 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.
Hi-Crush Partners LP closed down -0.05 points or -0.34% at $14.46 with 6,64,266 shares getting traded on Tuesday. Post opening the session at $14.31, the shares hit an intraday low of $13.61 and an intraday high of $14.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.