Equities analysts predict that Hi-Crush Partners LP (NYSE:HCLP) will report earnings per share of ($0.04) for the current quarter, according to Zacks. Six analysts have made estimates for Hi-Crush Partners’ earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.05). Hi-Crush Partners posted earnings of $0.67 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 106%. The business is expected to issue its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Hi-Crush Partners will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.13) to $0.08. For the next fiscal year, analysts anticipate that the company will post earnings of $0.25 per share, with EPS estimates ranging from $0.00 to $0.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Tuesday, May 7th. The basic materials company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05). Hi-Crush Partners had a return on equity of 10.24% and a net margin of 9.99%. The business had revenue of $159.90 million for the quarter, compared to the consensus estimate of $180.20 million. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year.

Several research analysts have recently commented on HCLP shares. Zacks Investment Research raised shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Jefferies Financial Group reissued a “sell” rating on shares of Hi-Crush Partners in a research note on Tuesday, April 2nd. AltaCorp Capital raised shares of Hi-Crush Partners from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 10th. Finally, Barclays reissued a “sell” rating and issued a $2.00 price objective on shares of Hi-Crush Partners in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.04.

Large investors have recently made changes to their positions in the stock. CoreCommodity Management LLC acquired a new stake in Hi-Crush Partners in the fourth quarter valued at approximately $27,000. Sage Capital Advisors llc boosted its position in Hi-Crush Partners by 72.9% in the fourth quarter. Sage Capital Advisors llc now owns 8,062 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,400 shares in the last quarter. Coastal Investment Advisors Inc. acquired a new stake in Hi-Crush Partners in the first quarter valued at approximately $33,000. Steward Partners Investment Advisory LLC acquired a new stake in Hi-Crush Partners in the first quarter valued at approximately $44,000. Finally, TCTC Holdings LLC acquired a new stake in Hi-Crush Partners in the first quarter valued at approximately $44,000. 7.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of HCLP traded down $0.08 during mid-day trading on Friday, hitting $2.32. 873,941 shares of the company’s stock were exchanged, compared to its average volume of 1,176,620. Hi-Crush Partners has a 52 week low of $2.25 and a 52 week high of $16.65. The stock has a market capitalization of $234.57 million, a PE ratio of 1.56 and a beta of 1.85. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

Hi-Crush Partners Company Profile

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

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Earnings History and Estimates for Hi-Crush Partners (NYSE:HCLP)

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