Hi-Crush Partners LP (NYSE:HCLP) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

HCLP has been the subject of several other research reports. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. Credit Suisse Group reduced their price objective on shares of Hi-Crush Partners from $24.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, July 20th. ValuEngine downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Mizuho began coverage on shares of Hi-Crush Partners in a report on Wednesday, May 3rd. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Cowen and Company reduced their price objective on shares of Hi-Crush Partners from $22.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, August 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $19.91.

Hi-Crush Partners (NYSE:HCLP) traded up 3.716% during mid-day trading on Friday, hitting $7.675. 652,880 shares of the stock traded hands. Hi-Crush Partners has a 1-year low of $7.25 and a 1-year high of $23.30. The firm’s market cap is $698.66 million. The stock has a 50-day moving average of $9.03 and a 200 day moving average of $13.96.

Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $135.22 million during the quarter, compared to the consensus estimate of $138.61 million. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%. The company’s quarterly revenue was up 251.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.26) earnings per share. On average, equities analysts expect that Hi-Crush Partners will post $1.00 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/18/bidaskclub-downgrades-hi-crush-partners-lp-hclp-to-strong-sell.html.

A number of large investors have recently modified their holdings of HCLP. Barnett & Company Inc. increased its stake in shares of Hi-Crush Partners by 6.7% in the first quarter. Barnett & Company Inc. now owns 17,445 shares of the basic materials company’s stock worth $303,000 after buying an additional 1,100 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Hi-Crush Partners by 0.4% in the first quarter. California Public Employees Retirement System now owns 280,700 shares of the basic materials company’s stock worth $4,870,000 after buying an additional 1,200 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Hi-Crush Partners by 11.0% in the second quarter. Principal Financial Group Inc. now owns 30,720 shares of the basic materials company’s stock worth $333,000 after buying an additional 3,053 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Hi-Crush Partners by 36.4% in the second quarter. Deprince Race & Zollo Inc. now owns 15,000 shares of the basic materials company’s stock worth $163,000 after buying an additional 4,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Hi-Crush Partners by 70.1% in the second quarter. Bank of New York Mellon Corp now owns 20,462 shares of the basic materials company’s stock worth $222,000 after buying an additional 8,431 shares during the last quarter. 68.54% of the stock is owned by institutional investors.

Hi-Crush Partners Company Profile

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

Receive News & Ratings for Hi-Crush Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.