Cowen & Co. Thinks Hi-Crush Partners’ Stock is Going to Recover

By Austin Angelo

In a report issued on September 13, Marc Bianchi from Cowen & Co. reiterated a Buy rating on Hi-Crush Partners (NYSE: HCLP), with a price target of $12. The company’s shares closed on Friday at $9.05, close to its 52-week low of $7.25.

According to, Bianchi is ranked 0 out of 5 stars with an average return of -13.2% and a 31.4% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.

Hi-Crush Partners has an analyst consensus of Strong Buy, with a price target consensus of $13.83.

The company has a one year high of $23.30 and a one year low of $7.25. Currently, Hi-Crush Partners has an average volume of 1.91M.

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Hi-Crush Partners LP engages in the production of monocrystalline sand. It owns, operates, and develops sand reserves and related excavation; as well as processing facilities. The company produces a wide range of frac sand and specialized mineral.