Analyst Rating Update on Hi-Crush Partners LP (HCLP)

Hi-Crush Partners LP (HCLP) : 5 brokerage houses believe that Hi-Crush Partners LP (HCLP) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hi-Crush Partners LP (HCLP). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.11.

Hi-Crush Partners LP (HCLP) : The highest level Hi-Crush Partners LP (HCLP) is projected to reach is $20 for the short term and the lowest estimate is at $7. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $13 and the possibility the share price can swing is $4.69.

For the current week, the company shares have a recommendation consensus of Buy.


Hi-Crush Partners LP (NYSE:HCLP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.44 and $11.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.14, notching a gain of 7.05% for the day. The total traded volume was 961,354 . The stock had closed at $11.34 on the previous day.

Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves and related excavation and processing facilities. Its 751-acre facility with rail infrastructure, located in Wyeville, Wisconsin enables it to process and deliver approximately 1,600,000 tons of 20/70 frac sand per year. It also holds a 98% interest in Augusta. The Company owns and operates the Wyeville facility, which is located in Monroe County, Wisconsin and contains approximately 75.5 million tons of recoverable reserves of frac sand.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.