Hi-Crush Partners (HCLP) Receiving Somewhat Positive Media Coverage, Analysis Shows

Media stories about Hi-Crush Partners (NYSE:HCLP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hi-Crush Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.6066527151587 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several brokerages have issued reports on HCLP. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Hi-Crush Partners in a research note on Tuesday, May 30th. Evercore ISI assumed coverage on shares of Hi-Crush Partners in a report on Thursday, May 25th. They issued an “outperform” rating and a $22.00 price objective on the stock. BidaskClub lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Johnson Rice assumed coverage on shares of Hi-Crush Partners in a research note on Friday, June 23rd. They set an “accumulate” rating and a $17.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $19.91.

Hi-Crush Partners (NYSE:HCLP) traded up 2.03% during mid-day trading on Friday, hitting $7.55. 1,215,888 shares of the company were exchanged. The firm has a 50 day moving average price of $8.93 and a 200 day moving average price of $13.87. Hi-Crush Partners has a 12 month low of $7.25 and a 12 month high of $23.30. The stock’s market cap is $687.28 million.

Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $135.22 million for the quarter, compared to the consensus estimate of $138.61 million. Hi-Crush Partners had a negative return on equity of 1.58% and a negative net margin of 2.53%. The company’s revenue was up 251.9% on a year-over-year basis. During the same period last year, the business posted ($0.26) EPS. Analysts anticipate that Hi-Crush Partners will post $1.00 EPS for the current fiscal year.

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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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