Hi-Crush Partners LP (HCLP) Shares are Up 5.87%

Hi-Crush Partners LP (HCLP) : Traders are bullish on Hi-Crush Partners LP (HCLP) as it has outperformed the S&P 500 by a wide margin of 2.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.69%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.87% in the last 1 week, and is up 2.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.55% and the 50-Day Moving Average is 12.21%.The 200 Day SMA reached 76.39%


Hi-Crush Partners LP (NYSE:HCLP): After opening at $15.28, the stock dipped to an intraday low of $15.2601 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.06 and the buying power remained strong till the end. The stock closed at $15.34 for the day, a gain of 1.66% for the day session. The total traded volume was 781,170. The stocks close on the previous trading day was $15.34.

Hi-Crush Partners LP (HCLP) : 7 Wall Street analysts covering Hi-Crush Partners LP (HCLP) believe that the average level the stock could reach for the short term is $14.86. The maximum price target given is $21 and the minimum target for short term is around $6, hence the standard deviation is calculated at $5.58.

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 1,600,000 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.