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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in Hi-Crush Partners in the 2nd quarter worth approximately $167,000. Ingalls & Snyder LLC acquired a new stake in Hi-Crush Partners in the 2nd quarter worth approximately $198,000. First National Trust Co acquired a new stake in Hi-Crush Partners in the 2nd quarter worth approximately $238,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Hi-Crush Partners by 213.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,278 shares of the basic materials company’s stock worth $363,000 after purchasing an additional 23,343 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in Hi-Crush Partners in the 2nd quarter worth approximately $434,000. Hedge funds and other institutional investors own 24.26% of the company’s stock.

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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