Hi-Crush Partners LP (HCLP) shares saw a recent bid of $12.30 and 1.58M shares have exchanged hands in the recent trading session, yielding a -2.77% decline over the past week. The stock price increased 3.36% or $-0.4 versus $11.90 at the end of the prior session. This change led market cap to move at $1.12B, putting the price -47.21% below the 52-week high and 19.04% above the 52-week low. The company’s stock has a normal trading capacity of 1.81M shares while the relative volume is 0.87.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $24.27 while $35.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $10.73 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $19.00, which would be an increase of about 54% of its current value. The mean target of $23.00 should be compared with the price when the stock was languishing around $10.33 a share. And it remains to be seen which target price HCLP can achieve without sacrificing much as the company is holding a 5.13% gain for the past twelve months.
By historical standards, Hi-Crush Partners LP remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 105.65 times earnings. For now, Hi-Crush Partners LP is the toast of Wall Street as its ABR stands at 1.60 with 5 out of 10 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Hi-Crush Partners LP has a 8.07% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Hi-Crush Partners LP has far performed well this year, with the share price down -37.88% since January. Over the past 2 quarters, the stock is down -35.77%, compared with a fall of nearly -22.64% for 3 months and about -11.83% for the past 30 days.
Last time, the company failed Wall Street by reporting EPS of $-0.07, smashing the consensus of $-0.03 per share. Revenue for the quarter also did not kill consensus, coming in at $83.36M, compared to the consensus of 83.87M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.12. The company is expected to report EPS as high as $0.23 and as low as $0.03 per share. Similarly, full-year EPS forecasts have ranged between $0.46 and $1.43. The mean EPS estimate is $0.94. On the other side, sales forecasts for the current quarter are $139.26M. The stock is expected to report revenue as high as $143.88M and as low as $133.4M per share. Similarly, full-year sales forecasts have ranged between $549M and $761.2M. The mean revenue estimate is $618.05M.
Over the last 5 years, Hi-Crush Partners LP has averaged a -34.50% YoY EPS growth rate and a 58.60% revenue growth rate. Analysts are expecting EPS growth rates to be at -336.80% this quarter and EPS estimate for next year reflect 176.11% growth rate.
Sell-side analysts also have something to say about this company. Cowen raised its rating on Hi-Crush Partners LP to Outperform on 05/12/2016 in a reversal from its prior Market Perform rating. UBS raised its rating on Hi-Crush Partners LP to Neutral on 28/09/2016 in a reversal from its prior Sell rating. Jefferies raised its rating on Hi-Crush Partners LP to Buy on 11/07/2016 in a reversal from its prior Hold rating. Raymond James raised its rating on Hi-Crush Partners LP to Strong Buy on 15/06/2016 in a reversal from its prior Mkt Perform rating.