UBS issued a report on Hi-Crush Partners (NYSE:HCLP), raising its price target to $15.00 earlier today
- Updated: October 2, 2016
Stating a possible upside of 0.04%, UBS raised the target price of Hi-Crush Partners (NYSE:HCLP) to $15.00
Boasting a price of $14.46, Hi-Crush Partners (NYSE:HCLP) traded 1.66% higher on the day. With the last stock price close up 48.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Hi-Crush Partners has recorded a 50-day average of $14.46 and a two hundred day average of $10.36. Volume of trade was up over the average, with 781,170 shares of HCLP changing hands over the typical 677,591
With a total market value of $0, Hi-Crush Partners has with a one year low of $3.55 and a one year high of $16.81 .
A total of 8 equity analysts have released a ratings update on HCLP. Four equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.17.
Brief Synopsis About Hi-Crush Partners (NYSE:HCLP)
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company 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. Its 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. Its 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.
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