Brokerages expect Hi-Crush Partners LP (NYSE:HCLP) to announce $223.89 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Hi-Crush Partners’ earnings, with estimates ranging from $220.67 million to $231.08 million. Hi-Crush Partners reported sales of $83.36 million during the same quarter last year, which indicates a positive year over year growth rate of 168.6%. The firm is expected to issue its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that Hi-Crush Partners will report full year sales of $223.89 million for the current financial year, with estimates ranging from $788.80 million to $988.85 million. For the next financial year, analysts forecast that the business will report sales of $887.45 million per share, with estimates ranging from $782.90 million to $997.38 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Hi-Crush Partners.
A number of equities analysts have recently commented on HCLP shares. Johnson Rice raised shares of Hi-Crush Partners from an “accumulate” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, December 4th. B. Riley started coverage on shares of Hi-Crush Partners in a research report on Wednesday, December 6th. They set a “buy” rating and a $16.00 target price on the stock. Seaport Global Securities started coverage on shares of Hi-Crush Partners in a research report on Friday, December 8th. They set a “buy” rating and a $17.00 target price on the stock. Barclays initiated coverage on shares of Hi-Crush Partners in a research report on Friday, December 15th. They set an “equal weight” rating and a $12.00 target price on the stock. Finally, Piper Jaffray Companies set a $12.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a report on Friday, December 29th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hi-Crush Partners has a consensus rating of “Buy” and an average price target of $16.66.
Hedge funds have recently modified their holdings of the stock. First National Bank of Mount Dora Trust Investment Services purchased a new position in Hi-Crush Partners in the fourth quarter worth $107,000. GSA Capital Partners LLP purchased a new position in Hi-Crush Partners in the third quarter worth $129,000. Advisor Group Inc. grew its holdings in Hi-Crush Partners by 80.5% in the third quarter. Advisor Group Inc. now owns 15,780 shares of the basic materials company’s stock worth $151,000 after purchasing an additional 7,036 shares during the last quarter. Penn Capital Management Co. Inc. grew its holdings in Hi-Crush Partners by 44.8% in the fourth quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 7,513 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in Hi-Crush Partners by 103.2% in the third quarter. Pinnacle Associates Ltd. now owns 29,460 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 14,960 shares during the last quarter. 34.11% of the stock is currently owned by institutional investors.
Hi-Crush Partners (NYSE HCLP) opened at $12.70 on Thursday. The company has a market cap of $1,145.32, a P/E ratio of 13.53 and a beta of 1.10. Hi-Crush Partners has a 1 year low of $7.25 and a 1 year high of $18.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.53 and a current ratio of 1.99.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 6.30%. This is a positive change from Hi-Crush Partners’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, January 31st. Hi-Crush Partners’s dividend payout ratio (DPR) is presently 88.89%.
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About Hi-Crush Partners
Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
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