William E. Barker Sells 9,444 Shares of Hi-Crush Partners LP (HCLP) Stock
Hi-Crush Partners LP (NYSE:HCLP) insider William E. Barker sold 9,444 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $12.40, for a total value of $117,105.60. Following the sale, the insider now owns 17,968 shares of the company’s stock, valued at $222,803.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Hi-Crush Partners stock traded down $0.05 during trading on Tuesday, hitting $12.30. 1,143,200 shares of the stock traded hands, compared to its average volume of 1,889,914. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.38 and a beta of 1.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.47. Hi-Crush Partners LP has a twelve month low of $8.60 and a twelve month high of $16.65.
Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.10). The firm had revenue of $248.52 million for the quarter, compared to analyst estimates of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The firm’s quarterly revenue was up 83.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. equities research analysts predict that Hi-Crush Partners LP will post 2.56 earnings per share for the current year.
HCLP has been the subject of a number of research reports. Johnson Rice lowered Hi-Crush Partners from a “buy” rating to an “accumulate” rating and set a $18.00 price target for the company. in a report on Monday, August 20th. ValuEngine upgraded Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Credit Suisse Group lifted their price target on Hi-Crush Partners from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, August 2nd. B. Riley reduced their price target on Hi-Crush Partners from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, September 6th. Finally, Seaport Global Securities set a $25.00 price target on Hi-Crush Partners and gave the company a “buy” rating in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.61.
About Hi-Crush Partners
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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