B.Riley FBR Sticks to Its Hold Rating for Hi-Crush Partners (HCR)


In a report issued on July 17, Lucas Pipes from B.Riley FBR maintained a Hold rating on Hi-Crush Partners (HCR), with a price target of $3. The company’s shares closed on Friday at $1.92, close to its 52-week low of $1.55.

According to TipRanks.com, Pipes is a 1-star analyst with an average return of -0.9% and a 44.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Covia Holdings Corporation.

Hi-Crush Partners has an analyst consensus of Moderate Sell, with a price target consensus of $2.50.

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Based on Hi-Crush Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.21 million. In comparison, last year the company had a net profit of $68.01 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HCR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hi-Crush, Inc. engages in the production of monocrystalline sand. It owns, operates, and develops sand reserves and related excavation as well as processing facilities. The firm produces frac sand and specialized mineral.

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