Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells. It owns, operates, and develops sand reserves, and excavation and processing facilities, which include 1,447-acre facility with integrated rail infrastructure, located near Independence, Wisconsin and Whitehall, Wisconsin; 971-acre facility with integrated rail infrastructure, located in Wyeville, Wisconsin; 1,187-acre Augusta facility with integrated rail infrastructure, situated in Eau Claire County, Wisconsin; and 1,285-acre facility with integrated rail infrastructure, located near Blair, Wisconsin. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It primarily serves pressure pumping service providers, and oil and gas exploration and production companies. Hi-Crush GP LLC operates as the general partner of the company. Hi-Crush Partners LP was founded in 2012 and is based in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorBasic Materials
SymbolNYSE:HCLP
CUSIPN/A
Phone713-980-6200
Debt
Debt-to-Equity Ratio0.22
Current Ratio1.85
Quick Ratio1.47
Price-To-Earnings
Trailing P/E Ratio12.77
Forward P/E Ratio4.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$602.62 million
Price / Sales1.89
Cash Flow$1.2309 per share
Price / Cash10.48
Book Value$8.74 per share
Price / Book1.48
Profitability
EPS (Most Recent Fiscal Year)$1.01
Net Income$82.53 million
Net Margins22.92%
Return on Equity24.51%
Return on Assets17.57%
Miscellaneous
Employees601
Outstanding Shares88,390,000
Market Cap$1.22 billion
Hi-Crush Partners (NYSE:HCLP) Frequently Asked Questions
What is Hi-Crush Partners' stock symbol?
Hi-Crush Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "HCLP."
How often does Hi-Crush Partners pay dividends? What is the dividend yield for Hi-Crush Partners?
Hi-Crush Partners declared a quarterly dividend on Monday, July 23rd. Investors of record on Friday, August 3rd will be paid a dividend of $0.75 per share on Tuesday, August 14th. This represents a $3.00 annualized dividend and a yield of 23.26%. The ex-dividend date of this dividend is Thursday, August 2nd. This is an increase from Hi-Crush Partners's previous quarterly dividend of $0.23. View Hi-Crush Partners' Dividend History.
How will Hi-Crush Partners' stock buyback program work?
Hi-Crush Partners declared that its Board of Directors has approved a share buyback plan on Wednesday, October 18th 2017, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Hi-Crush Partners' earnings last quarter?
Hi-Crush Partners LP (NYSE:HCLP) issued its quarterly earnings data on Tuesday, July, 31st. The basic materials company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.77 by $0.10. The basic materials company had revenue of $248.52 million for the quarter, compared to analyst estimates of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The business's revenue was up 83.8% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share. View Hi-Crush Partners' Earnings History.
When is Hi-Crush Partners' next earnings date?
What price target have analysts set for HCLP?
16 brokers have issued 1 year price objectives for Hi-Crush Partners' stock. Their forecasts range from $10.00 to $25.00. On average, they expect Hi-Crush Partners' share price to reach $16.41 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price. View Analyst Price Targets for Hi-Crush Partners.
What is the consensus analysts' recommendation for Hi-Crush Partners?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hi-Crush Partners in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Hi-Crush Partners.
What are Wall Street analysts saying about Hi-Crush Partners stock?
Here are some recent quotes from research analysts about Hi-Crush Partners stock:
- 1. According to Zacks Investment Research, "Hi-Crush has outperformed the industry it belongs to over the past year. It is expected to gain from acquisitions and continuous expansion actions. The company is also making a good progress with its key growth projects, especially the Kermit facility. Moreover, its PropStream integrated logistics service is expected to reduce costs, boost efficiency and add to its contribution margins. However, Hi-Crush remains exposed to operational challenges including power, congestion and personnel issues associated with the Class-1 railroads. Also, a reduction in unit train shipments remains a concern." (7/23/2018)
- 2. We think HCLP's decision to return capital to shareholders ($0.15/unit distribution and $100M buyback) is a critical first step in making the frac sand space investable again. After a euphoric start to 2017, capacity addition concerns (generally and specific to Permian basin sand mines) drove significant underperformance in the frac sand space. Investors look out to 2018 and see the significant cash flow generation potential in the sector, but have worried that cash flow would be used to build new capacity, exacerbating current investor concerns. Our view is that similar moves by other leading frac sand companies (with healthy balance sheets and strong free cash flow profiles into 2018) would go a long way toward re-establishing the sector." (10/17/2017)
- 3. The outlook for HCLP has turned more favourable, it reported a 3Q beat, recently announced the reinstatement of its distribution as well as a share buyback, and completed its Kermit facility and Pecos Terminal. Additionally mgmnt guided to 4Q sales volumes in the range of 2.7-2.9MM tons vs. UBSe of 2.6MM tons as it should benefit from the continued ramp of the Kermit facility. We expect HCLPs Propsteam business to continue to be a positive and it noted plans to grow the total number of crews to nine or more from seven by year end. On the pricing front, HCLP noted its expectation for modest improvements through the end of the year. With a 2018 total capex in the range of $35-$45MM and UBSe of more than $100MM of retained DCF, HCLP is 100% self-funded. We look for color on tomorrows call around the features on its credit facility, and hurdles that HCLP needs to pass to allow for the full $100MM of its buyback to be authorized, as well as how we should be thinking about the timing of the buyback." (10/21/2017)
Who are some of Hi-Crush Partners' key competitors?
Some companies that are related to Hi-Crush Partners include Summit Materials (SUM), Compass Minerals International (CMP), U.S. Silica (SLCA), Hecla Mining (HL), Fairmount Santrol (FMSA), Ciner Resources (CINR), Intrepid Potash (IPI), United States Lime & Minerals (USLM), Smart Sand (SND), Emerge Energy Services (EMES), Canada Jetlines (JETMF), Zenyatta Ventures (ZENYF), Cambrian Minerals Group (SMPR), Applied Minerals (AMNL) and Canadian Zeolite C (CNZCF).
Who are Hi-Crush Partners' key executives?
Hi-Crush Partners' management team includes the folowing people:
- Mr. Robert E. Rasmus, CEO & Director of Hi-Crush GP LLC (Age 61)
- Ms. Laura C. Fulton, Chief Financial Officer of Hi-Crush GP LLC & Chief Accounting Officer of Hi-Crush GP LLC (Age 55)
- Mr. Mark C. Skolos, Gen. Counsel & Sec. of Hi-Crush GP LLC (Age 58)
- Mr. William E. Barker, Principal Strategy Officer of Hi-Crush GP LLC (Age 36)
- Mr. Scott J. Preston, Chief Operating Officer of Hi Crush GP LLC
Has Hi-Crush Partners been receiving favorable news coverage?
News stories about HCLP stock have trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hi-Crush Partners earned a news and rumor sentiment score of 0.20 on Accern's scale. They also assigned news stories about the basic materials company an impact score of 47.25 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Hi-Crush Partners.
Who are Hi-Crush Partners' major shareholders?
Hi-Crush Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Waddell & Reed Financial Inc. (1.02%), Clear Harbor Asset Management LLC (0.87%), Intrinsic Edge Capital Management LLC (0.67%), Raymond James & Associates (0.67%), Miller Value Partners LLC (0.64%) and Ardsley Advisory Partners (0.55%). Company insiders that own Hi-Crush Partners stock include F Evans Gregory and William E Barker. View Institutional Ownership Trends for Hi-Crush Partners.
Which major investors are selling Hi-Crush Partners stock?
HCLP stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Bank of Montreal Can, Intrinsic Edge Capital Management LLC, Clear Harbor Asset Management LLC, B. Riley Financial Inc., Waddell & Reed Financial Inc., PNC Financial Services Group Inc. and Balter Liquid Alternatives LLC. View Insider Buying and Selling for Hi-Crush Partners.
Which major investors are buying Hi-Crush Partners stock?
HCLP stock was bought by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Barings LLC, Royce & Associates LP, Miller Value Partners LLC, Bramshill Investments LLC, Ardsley Advisory Partners, First Republic Investment Management Inc. and Nwam LLC. View Insider Buying and Selling for Hi-Crush Partners.
How do I buy shares of Hi-Crush Partners?
Shares of HCLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hi-Crush Partners' stock price today?
One share of HCLP stock can currently be purchased for approximately $12.90.
How big of a company is Hi-Crush Partners?
Hi-Crush Partners has a market capitalization of $1.22 billion and generates $602.62 million in revenue each year. The basic materials company earns $82.53 million in net income (profit) each year or $1.01 on an earnings per share basis. Hi-Crush Partners employs 601 workers across the globe.
How can I contact Hi-Crush Partners?
Hi-Crush Partners' mailing address is 1330 POST OAK BLVD. SUITE 600, Houston TX, 77056. The basic materials company can be reached via phone at 713-980-6200 or via email at [email protected]
MarketBeat Community Rating for Hi-Crush Partners (NYSE HCLP)
MarketBeat's community ratings are surveys of what our community members think about Hi-Crush Partners and other stocks. Vote "Outperform" if you believe HCLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HCLP will underperform the S&P 500 over the long term. You may vote once every thirty days.
