Brokerages expect Hi-Crush Partners LP (NYSE:HCLP) to report earnings per share of $0.39 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hi-Crush Partners’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.42. Hi-Crush Partners reported earnings per share of ($0.21) during the same quarter last year, which indicates a positive year-over-year growth rate of 285.7%. The company is expected to issue its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Hi-Crush Partners will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.18. For the next financial year, analysts forecast that the business will post earnings of $2.27 per share, with EPS estimates ranging from $1.71 to $2.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Hi-Crush Partners had a negative return on equity of 1.58% and a negative net margin of 2.53%. The business had revenue of $135.22 million during the quarter, compared to the consensus estimate of $138.61 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Hi-Crush Partners’s revenue was up 251.9% compared to the same quarter last year.

Several equities research analysts have commented on the company. Jefferies Group LLC set a $15.00 target price on Hi-Crush Partners and gave the stock a “buy” rating in a report on Monday, August 28th. Cowen and Company reissued a “buy” rating and issued a $12.00 target price on shares of Hi-Crush Partners in a research note on Sunday, September 17th. Credit Suisse Group reduced their price target on Hi-Crush Partners from $24.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, July 20th. BidaskClub downgraded Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies started coverage on Hi-Crush Partners in a research report on Monday, September 25th. They issued an “overweight” rating and a $11.75 price target for the company. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.98.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCLP. Goldman Sachs Group Inc. increased its holdings in Hi-Crush Partners by 86.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,371,553 shares of the basic materials company’s stock worth $75,847,000 after buying an additional 2,027,256 shares in the last quarter. Morgan Stanley lifted its stake in Hi-Crush Partners by 19.5% during the 1st quarter. Morgan Stanley now owns 10,011,999 shares of the basic materials company’s stock valued at $173,709,000 after acquiring an additional 1,633,971 shares during the period. ING Groep NV lifted its stake in Hi-Crush Partners by 653.7% during the 2nd quarter. ING Groep NV now owns 1,390,552 shares of the basic materials company’s stock valued at $15,087,000 after acquiring an additional 1,206,058 shares during the period. Bronson Point Management LLC bought a new position in Hi-Crush Partners during the 1st quarter valued at about $13,880,000. Finally, SG Capital Management LLC bought a new position in Hi-Crush Partners during the 2nd quarter valued at about $6,630,000. Institutional investors own 51.23% of the company’s stock.

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Hi-Crush Partners (NYSE:HCLP) traded down 2.632% during midday trading on Wednesday, reaching $10.175. The company had a trading volume of 1,138,110 shares. Hi-Crush Partners has a 12-month low of $7.25 and a 12-month high of $23.30. The company has a 50-day moving average of $8.63 and a 200-day moving average of $11.56. The stock’s market capitalization is $926.23 million.

Hi-Crush Partners Company Profile

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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