A Reversal for Hi-Crush Partners LP Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Hi Crush Partners LP Is Not Near. Professional Options Traders Are Bullish

In today’s session Hi-Crush Partners LP (HCLP) registered an unusually high (310) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious HCLP increase. With 310 contracts traded and 32644 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: HCLP161021C00015000 closed last at: $2.25 or 7.1% up. About 102,298 shares traded hands. Hi-Crush Partners LP (NYSE:HCLP) has risen 243.70% since March 11, 2016 and is uptrending. It has outperformed by 238.24% the S&P500.

Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on October, 24. They expect $-0.16 earnings per share, down 206.67% or $0.31 from last year’s $0.15 per share. After $-0.26 actual earnings per share reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts -38.46% EPS growth.

Hi-Crush Partners LP (NYSE:HCLP) Ratings Coverage

Out of 11 analysts covering Hi-Crush Partners (NYSE:HCLP), 4 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 36% are positive. $25 is the highest target while $4 is the lowest. The $12.95 average target is -25.01% below today’s ($17.27) stock price. Hi-Crush Partners has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Raymond James maintained it with “Buy” rating and $18 target price in Tuesday, September 13 report. On Tuesday, October 27 the stock rating was downgraded by UBS to “Sell”. The firm has “Outperform” rating by Cowen & Co given on Friday, August 7. The firm has “Strong Buy” rating by Raymond James given on Wednesday, June 15. On Friday, September 4 the stock rating was maintained by Credit Suisse with “Neutral”. The company was maintained on Thursday, October 1 by Wunderlich. The rating was downgraded by Barclays Capital on Wednesday, October 28 to “Underweight”. RBC Capital Markets downgraded it to “Sector Perform” rating and $24 target price in Friday, August 7 report. The firm earned “Mkt Perform” rating on Monday, October 5 by Raymond James. As per Monday, December 7, the company rating was initiated by DA Davidson.

According to Zacks Investment Research, “Hi-Crush Partners LP engages in the production of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Company reserves consist of Northern White sand, a resource existing 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. Hi-Crush Partners LP is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.47, from 0.66 in 2016Q1. The ratio improved, as 15 funds sold all Hi-Crush Partners LP shares owned while 17 reduced positions. 20 funds bought stakes while 16 increased positions. They now own 16.87 million shares or 151.29% more from 6.71 million shares in 2016Q1.
Bronson Point Management Limited Liability Corporation last reported 0.13% of its portfolio in the stock. Hite Hedge Asset Mngmt Ltd Llc reported 96,630 shares or 0.51% of all its holdings. Pnc Fin Svcs Gru has 0% invested in the company for 20,168 shares. Prescott Group Inc Capital Management Limited Company holds 0.51% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP) for 163,457 shares. Brown Brothers Harriman has invested 0% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). California Pub Employees Retirement, a California-based fund reported 181,800 shares. Royal Bank & Trust Of Canada holds 26,532 shares or 0% of its portfolio. Moreover, Raymond James And Assoc has 0.01% invested in Hi-Crush Partners LP (NYSE:HCLP) for 233,343 shares. North Star Inv Mngmt owns 5,000 shares or 0.01% of their US portfolio. Deutsche Natl Bank Ag last reported 0% of its portfolio in the stock. Millennium Ltd reported 581,088 shares or 0.02% of all its holdings. Ladenburg Thalmann Finance Services has 4,780 shares for 0% of their US portfolio. Blair William And Il holds 0.01% or 93,197 shares in its portfolio. Citigroup accumulated 0% or 20,361 shares. Stifel Fincl last reported 0% of its portfolio in the stock.

Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The company has a market cap of $977.07 million. The Firm is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It currently has negative earnings. It operates in Frac Sand Sales segment.

HCLP Company Profile

Hi-Crush Partners LP, incorporated on May 8, 2012, is a producer and supplier of monocrystalline sand. The Firm is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. The Company’s 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. The Company’s 857-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility) contains approximately 82.1 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. It also holds approximately 98% interest in Augusta facility, which is located in Eau Claire County, Wisconsin and contains over 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. It operates through a logistics network of rail-served destination terminals located throughout Pennsylvania, Ohio, New York and Texas.

More important recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: Fool.com which released: “Hi-Crush Partners LP’s Stock Continued Its Long Decline in December With a 26 …” on January 08, 2016, also Nasdaq.com published article titled: “Hi-Crush Partners LP Announces an Amendment to a Customer Contract, the …”, Streetinsider.com published: “UPDATE: UBS Upgrades Hi-Crush Partners LP (HCLP) to Neutral” on September 28, 2016. More interesting news about Hi-Crush Partners LP (NYSE:HCLP) was released by: Seekingalpha.com and their article: “Hi-Crush Partners LP (HCLP) Robert E. Rasmus on Q4 2015 Results – Earnings …” with publication date: February 23, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: ,

Related posts

Leave a Comment