Seaport Global analyst Mike Urban reiterated a Buy rating on Hi-Crush Partners (NYSE: HCLP) today and set a price target of $25. The company’s shares closed on Friday at $13.25.
According to TipRanks.com, Urban ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.8% and a 41.6% success rate. Urban covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, C&J Energy Services Inc, and Schlumberger Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hi-Crush Partners with a $17.20 average price target, a 29.8% upside from current levels. In a report issued on July 24, B.Riley FBR also reiterated a Buy rating on the stock with a $18 price target.
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Hi-Crush Partners’ market cap is currently $1.17B and has a P/E ratio of 6.17. The company has a Price to Book ratio of 1.36.
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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.
