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Brokerages Expect Hi-Crush Partners LP (HCLP) to Post -$0.01 Earnings Per Share

Hi-Crush Partners logoAnalysts expect that Hi-Crush Partners LP (NYSE:HCLP) will report ($0.01) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hi-Crush Partners’ earnings. The lowest EPS estimate is ($0.04) and the highest is $0.03. Hi-Crush Partners reported earnings of ($0.48) per share during the same quarter last year, which would indicate a positive year over year growth rate of 97.9%. The business is expected to announce its next quarterly earnings report on Thursday, April 27th.

According to Zacks, analysts expect that Hi-Crush Partners will report full-year earnings of $1.08 per share for the current year, with EPS estimates ranging from $1.00 to $1.20. For the next financial year, analysts forecast that the company will post earnings of $3.28 per share, with EPS estimates ranging from $3.25 to $3.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings data on Tuesday, February 21st. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $67.30 million for the quarter, compared to analyst estimates of $60.61 million. Hi-Crush Partners had a negative net margin of 29.58% and a negative return on equity of 14.63%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) EPS.

A number of research analysts have issued reports on HCLP shares. Jefferies Group LLC set a $30.00 target price on Hi-Crush Partners and gave the company a “buy” rating in a research note on Thursday, February 23rd. Zacks Investment Research raised Hi-Crush Partners from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, January 10th. Guggenheim reissued a “buy” rating on shares of Hi-Crush Partners in a research note on Monday, March 27th. Finally, Wunderlich raised Hi-Crush Partners from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $29.00 in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.63.

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Shares of Hi-Crush Partners (NYSE:HCLP) traded down 5.07% on Friday, hitting $15.90. The stock had a trading volume of 1,367,519 shares. Hi-Crush Partners has a one year low of $5.25 and a one year high of $23.30. The firm’s 50 day moving average is $16.86 and its 200-day moving average is $17.81.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Hi-Crush Partners by 70.9% in the third quarter. Morgan Stanley now owns 6,467,986 shares of the company’s stock worth $99,219,000 after buying an additional 2,683,288 shares during the period. UBS Group AG raised its stake in shares of Hi-Crush Partners by 278.3% in the third quarter. UBS Group AG now owns 1,333,905 shares of the company’s stock worth $20,463,000 after buying an additional 981,337 shares during the period. Oceanic Investment Management LTD raised its stake in shares of Hi-Crush Partners by 54.0% in the fourth quarter. Oceanic Investment Management LTD now owns 530,900 shares of the company’s stock worth $10,512,000 after buying an additional 186,100 shares during the period. Bank of Montreal Can purchased a new stake in shares of Hi-Crush Partners during the third quarter worth approximately $1,902,000. Finally, Marshall Wace LLP purchased a new stake in shares of Hi-Crush Partners during the fourth quarter worth approximately $1,676,000. Institutional investors own 41.42% of the company’s stock.

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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