B.Riley FBR Keeps a Buy Rating on Hi-Crush Partners (HCLP)

By Carrie Williams

In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Hi-Crush Partners (NYSE: HCLP), with a price target of $15. The company’s shares closed yesterday at $12.20.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 6.4% and a 61.0% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Hi-Crush Partners is a Moderate Buy with an average price target of $16.69.

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The company has a one-year high of $16.65 and a one-year low of $7.70. Currently, Hi-Crush Partners has an average volume of 2.2M.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock.

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Hi-Crush Partners LP is engaged 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.