The stock of Hi-Crush Partners LP (NYSE:HCLP) is a huge mover today! About 223,672 shares traded hands. Hi-Crush Partners LP (NYSE:HCLP) has risen 228.05% since April 5, 2016 and is uptrending. It has outperformed by 226.10% the S&P500.
The move comes after 7 months positive chart setup for the $1.03B company. It was reported on Nov, 8 by Barchart.com. We have $24.65 PT which if reached, will make NYSE:HCLP worth $587.10 million more.
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. Hi-Crush Partners has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 7. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, August 12. DA Davidson maintained the shares of HCLP in a report on Friday, February 26 with “Buy” rating. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Underperform” rating by Robert W. Baird on Tuesday, October 27. The firm has “Buy” rating given on Wednesday, October 28 by Wunderlich. The firm earned “Sell” rating on Tuesday, October 27 by UNS. The rating was upgraded by Robert W. Baird on Thursday, July 30 to “Outperform”. The firm earned “Sell” rating on Tuesday, October 27 by UBS. UBS maintained the stock with “Buy” rating in Monday, September 28 report. UBS upgraded the shares of HCLP in a report on Wednesday, September 28 to “Neutral” rating.
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 is positive, 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.
Moreover, Clearbridge Limited Liability has 0.15% invested in Hi-Crush Partners LP (NYSE:HCLP) for 569,498 shares. Credit Suisse Ag has 675,567 shares for 0.01% of their US portfolio. Driehaus Capital Limited Liability reported 26,150 shares or 0.01% of all its holdings. Peconic Prns Lc reported 67,380 shares or 0.11% of all its holdings. Hite Hedge Asset Management Limited Liability Com last reported 0.51% of its portfolio in the stock. Cwm Ltd Llc holds 0% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP) for 500 shares. Moreover, Grp One Trading Ltd Partnership has 0.01% invested in Hi-Crush Partners LP (NYSE:HCLP) for 90,318 shares. Kcg Incorporated holds 0% or 14,827 shares in its portfolio. The California-based Lpl Financial Limited Co has invested 0% in Hi-Crush Partners LP (NYSE:HCLP). The Illinois-based Envestnet Asset Management has invested 0% in Hi-Crush Partners LP (NYSE:HCLP). Toronto Dominion Retail Bank last reported 0% of its portfolio in the stock. Barnett & holds 0.15% or 21,020 shares in its portfolio. Wells Fargo Mn holds 0% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP) for 20,230 shares. Barclays Public Limited Com has 209,388 shares for 0% of their US portfolio. North Star Inv Management has invested 0.01% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP).
More notable recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: Seekingalpha.com which released: “Hi-Crush Partners LP (HCLP) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016, also Fool.com with their article: “Hi-Crush Partners LP’s Stock Continued Its Long Decline in December With a 26 …” published on January 08, 2016, 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) were released by: Equitiesfocus.com and their article: “Hi-Crush Partners LP (NYSE:HCLP) Reports Basic Consolidated EPS At $0.7687” published on November 08, 2016 as well as Seekingalpha.com‘s news article titled: “Hi-Crush Partners LP (HCLP) Robert E. Rasmus on Q4 2015 Results – Earnings …” with publication date: February 23, 2016.
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.
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