Hi-Crush Partners Received its Third Buy in a Row

By Jason Carr

After Cowen & Co. and UBS assigned a Buy rating to Hi-Crush Partners in the last month, the company received another Buy, this time from Jefferies. Analyst Brad Handler maintained a Buy rating on Hi-Crush Partners (NYSE: HCLP) today and set a price target of $15. The company’s shares closed on Friday at $8, close to its 52-week high of $23.30.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -13.5% and a 29.1% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Hi-Crush Partners has an analyst consensus of Strong Buy, with a price target consensus of $14.60.

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 1.85M.

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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.