Shares are trading at $9.75 which is a tad above $9.31, the 50 day moving average and which is significantly below the 200 day moving average of $10.87. The 50 day moving average went up by +4.71% and the 200 day average was down $-1.12. Trading volume for Hi-Crush Partners LP Common Uni was 1,722K by the end of trading on Tuesday. Trading volume was up 296.28% over the stocks average daily volume.
Traders are feeling more bullish recently as inferred by the downtick in short interest. The company had a fall in short interest of -8.43% between September 15, 2017 and September 29, 2017. Short shares fell from 8,113,184 to 7,429,544 over that timeframe. Days to cover decreased from 5.0 to 3.0 and the percentage of shorted shares was 0.08% on September 29.
These funds have shifted positions in (HCLP). North Star Investment Management Corp. augmented its ownership by buying 700 shares an increase of 23.3%. North Star Investment Management Corp. claims 3,700 shares with a value of $35,000. The total value of its holdings increased 6.1%. Cutler Group LP grew its stake by buying 10,032 shares an increase of 74.5% in the quarter. Cutler Group LP controls 23,500 shares valued at $12,000. The value of the position overall is down by 91.8%.
Creative Planning added to its investment by buying 23,625 shares an increase of 487.2% as of 09/30/2017. Creative Planning now holds 28,474 shares worth $270,000. The total value of its holdings increased 409.4%. Pointe Capital Management LLC downsized its position by selling 7,540 shares a decrease of 8.5% from 06/30/2017 to 09/30/2017. Pointe Capital Management LLC owns 80,676 shares with a value of $766,000. The value of the position overall is down by 20.0%.
August 28 investment analysts at Jefferies left the company rating at “Buy” but lowered the price target from $21.00 to $15.00.
As of the latest earnings report the EPS was $-0.12 and is estimated to be $1.00 for the current year with 91,030,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.54 and the next full year EPS is anticipated to be $2.25.
Hi-Crush Partners LP, launched on May 8, 2012, is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. 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 and operates a portfolio of sand facilities with on-site wet and dry plant assets, including direct access to the United States railroads for distribution to in-basin terminals. It owns and operates a network of strategically located terminals and an integrated distribution system throughout North America, including its PropStream integrated logistics solution, which delivers proppant into the blender at the well site. As of December 31, 2016, it owned and operated a 971-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility), which contained approximately 76.4 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. Its Augusta facility, as of December 31, 2016, contained 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. As of December 31, 2016, the Augusta facility had an annual processing capacity of approximately 2,860,000 tons of frac sand per year..