Hi-Crush Partners LP (NYSE:HCLP) shares gapped up prior to trading on Friday . The stock had previously closed at $4.12, but opened at $3.93. Hi-Crush Partners shares last traded at $3.93, with a volume of 34765 shares.

Several brokerages have commented on HCLP. Credit Suisse Group lowered Hi-Crush Partners from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $6.00 to $3.00 in a report on Wednesday, December 19th. Piper Jaffray Companies set a $10.00 target price on Hi-Crush Partners and gave the company a “hold” rating in a research report on Tuesday, October 2nd. R. F. Lafferty set a $10.00 target price on Hi-Crush Partners and gave the company a “buy” rating in a research report on Tuesday, December 4th. B. Riley restated a “neutral” rating and issued a $6.50 target price (down previously from $10.00) on shares of Hi-Crush Partners in a research report on Tuesday. Finally, Zacks Investment Research downgraded Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.70.

The company has a quick ratio of 2.18, a current ratio of 2.70 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $369.19 million, a price-to-earnings ratio of 3.92 and a beta of 1.84.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The company had revenue of $213.97 million for the quarter, compared to the consensus estimate of $212.11 million. Hi-Crush Partners had a return on equity of 24.52% and a net margin of 21.37%. Hi-Crush Partners’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. On average, analysts forecast that Hi-Crush Partners LP will post 1.53 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in Hi-Crush Partners during the 3rd quarter valued at approximately $124,000. North Star Investment Management Corp. raised its stake in Hi-Crush Partners by 40.2% during the 4th quarter. North Star Investment Management Corp. now owns 11,500 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 3,300 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Hi-Crush Partners during the 3rd quarter valued at approximately $151,000. Private Advisor Group LLC purchased a new stake in Hi-Crush Partners during the 2nd quarter valued at approximately $167,000. Finally, B. Riley Wealth Management Inc. purchased a new stake in Hi-Crush Partners during the 3rd quarter valued at approximately $191,000. 13.35% of the stock is owned by institutional investors and hedge funds.

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About Hi-Crush Partners (NYSE:HCLP)

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.

See Also: Net Asset Value

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