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.