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.

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