Hi-Crush Partners (NYSE:HCLP)‘s stock had its “sell” rating reiterated by equities research analysts at Barclays in a research report issued to clients and investors on Wednesday, AnalystRatings.com reports. They presently have a $2.00 price target on the basic materials company’s stock. Barclays‘s price target would indicate a potential downside of 13.42% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised Hi-Crush Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. AltaCorp Capital raised Hi-Crush Partners from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 10th. Finally, Jefferies Financial Group reissued a “sell” rating on shares of Hi-Crush Partners in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.04.

HCLP stock traded down $0.21 during midday trading on Wednesday, reaching $2.31. 1,759,681 shares of the stock were exchanged, compared to its average volume of 1,093,588. The firm has a market capitalization of $253.77 million, a P/E ratio of 1.55 and a beta of 1.85. Hi-Crush Partners has a 52 week low of $2.31 and a 52 week high of $16.65. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.66.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The firm had revenue of $159.90 million for the quarter, compared to the consensus estimate of $180.20 million. Hi-Crush Partners had a return on equity of 10.24% and a net margin of 9.99%. The company’s revenue was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, equities research analysts expect that Hi-Crush Partners will post -0.03 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. raised its position in shares of Hi-Crush Partners by 77.6% in the fourth quarter. Wedbush Securities Inc. now owns 24,876 shares of the basic materials company’s stock worth $89,000 after buying an additional 10,866 shares in the last quarter. Inlet Private Wealth LLC bought a new position in Hi-Crush Partners in the fourth quarter valued at $309,000. IPG Investment Advisors LLC bought a new position in Hi-Crush Partners in the fourth quarter valued at $269,000. Cambridge Investment Research Advisors Inc. increased its stake in Hi-Crush Partners by 33.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,274 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 6,610 shares during the last quarter. Finally, Nwam LLC increased its stake in Hi-Crush Partners by 19.7% in the fourth quarter. Nwam LLC now owns 106,143 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 17,479 shares during the last quarter. Institutional investors own 7.92% of the company’s stock.

Hi-Crush Partners Company Profile

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

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Analyst Recommendations for Hi-Crush Partners (NYSE:HCLP)

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