Hi-Crush Partners Receives a Buy from Piper Jaffray

By Austin Angelo

In a report issued on February 21, John Watson from Piper Jaffray reiterated a Buy rating on Hi-Crush Partners (NYSE: HCLP), with a price target of $13.25. The company’s shares closed yesterday at $12.30.

According to TipRanks.com, Watson is a 2-star analyst with an average return of 2.4% and a 30.0% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Mammoth Energy Services, and Propetro Holding Corp.

Currently, the analyst consensus on Hi-Crush Partners is Strong Buy and the average price target is $15.75, representing a 28.0% upside.

In a report issued on February 15, B.Riley FBR also assigned a Buy rating to the stock with a $16 price target.

Hi-Crush Partners’ market cap is currently $1.09B and has a P/E ratio of 13.67. The company has a book value ratio of 1.3760.

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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.