About Hi Crush Partners (NYSE:HCLP)
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
Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorBasic Materials
SymbolNYSE:HCLP
CUSIPN/A
Phone713-980-6200
Debt
Debt-to-Equity Ratio0.24%
Current Ratio1.99%
Quick Ratio1.53%
Price-To-Earnings
Trailing P/E Ratio12.01
Forward P/E Ratio4.63
P/E GrowthN/A
Sales & Book Value
Annual Sales$602.62 million
Price / Sales1.79
Cash Flow$1.3032 per share
Price / Cash9.30
Book Value$8.74 per share
Price / Book1.39
Profitability
EPS (Most Recent Fiscal Year)$1.01
Net Income$82.53 million
Net Margins13.70%
Return on Equity11.32%
Return on Assets8.07%
Miscellaneous
Employees601
Outstanding Shares89,130,000
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 Wednesday, April 18th. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.225 per share on Tuesday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 7.43%. The ex-dividend date is Monday, April 30th. This is a boost from Hi Crush Partners's previous quarterly dividend of $0.20. View Hi Crush Partners' Dividend History.
How will Hi Crush Partners' stock buyback program work?
Hi Crush Partners announced that its Board of Directors has approved a share repurchase plan on Wednesday, October 18th 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
How were Hi Crush Partners' earnings last quarter?
Hi Crush Partners LP (NYSE:HCLP) posted its quarterly earnings data on Monday, February, 19th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.01. The basic materials company had revenue of $216.46 million for the quarter, compared to analysts' expectations of $199.50 million. Hi Crush Partners had a net margin of 13.70% and a return on equity of 11.32%. View Hi Crush Partners' Earnings History.
When is Hi Crush Partners' next earnings date?
What price target have analysts set for HCLP?
15 analysts have issued 12-month target prices for Hi Crush Partners' stock. Their predictions range from $10.00 to $25.00. On average, they anticipate Hi Crush Partners' stock price to reach $16.0667 in the next twelve months. 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 Partners LP engages in the production of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Company reserves consist of Northern White sand, a resource existing in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves and related excavation and processing facilities. Hi-Crush Partners LP is based in Houston, Texas. " (4/19/2018)
- 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 (CMP), U.S. Silica (SLCA), Hecla Mining (HL), Fairmount Santrol (FMSA), Intrepid Potash (IPI), Ciner Resources (CINR), United States Lime & Minerals (USLM), Smart Sand (SND), Emerge Energy Services (EMES), Canada Jetlines (JETMF), Zenyatta Ventures (ZENYF), Applied Minerals (AMNL), Cambrian Minerals Group (SMPR) 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, Principal Operating Officer & 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. Jeffery A. Johnson, Director of Environmental Compliance
Has Hi Crush Partners been receiving favorable news coverage?
Media headlines about HCLP stock have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hi Crush Partners earned a daily sentiment score of -0.10 on Accern's scale. They also assigned news headlines about the basic materials company an impact score of 47.60 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
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 $12.12.
How big of a company is Hi Crush Partners?
Hi Crush Partners has a market capitalization of $1.09 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 (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.
Hi Crush Partners (NYSE:HCLP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for Hi Crush Partners in the last 12 months. Their average twelve-month price target is $16.0667, suggesting that the stock has a possible upside of 32.56%. The high price target for HCLP is $25.00 and the low price target for HCLP is $10.00. There are currently 2 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.87 | 2.86 | 2.86 | 2.82 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $16.0667 | $16.6607 | $16.3846 | $16.8750 |
| Price Target Upside: | 32.56% upside | 43.01% upside | 40.64% upside | 26.40% upside |
Hi Crush Partners (NYSE:HCLP) Consensus Price Target History
Hi Crush Partners (NYSE:HCLP) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Hi Crush Partners (NYSE:HCLP) Dividend Information
Hi Crush Partners pays an annual dividend of $0.80 per share, with a dividend yield of 6.60%. HCLP's next quarterly dividend payment will be made on Tuesday, May 15. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of -59.40% each year. Hi Crush Partners pays out 79.21% of its earnings out as a dividend.
| Next Dividend: | 5/15/2018 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 6.60% |
| Dividend Growth: | -59.40% (3 Year Average) |
| Payout Ratio: | 79.21% (Trailing 12 Months of Earnings)
30.53% (Based on This Year's Estimates)
35.71% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Hi Crush Partners (NYSE:HCLP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/18/2018 | Quarterly | $0.2250 | 7.44% | 4/30/2018 | 5/1/2018 | 5/15/2018 |
| 1/17/2018 | Quarterly | $0.20 | 7.55% | 1/31/2018 | 2/1/2018 | 2/13/2018 |
| 10/19/2017 | quarterly | $0.15 | | 10/30/2017 | 10/31/2017 | 11/14/2017 |
| 7/23/2015 | quarterly | $0.4750 | 10.56% | 8/3/2015 | 8/5/2015 | 8/14/2015 |
| 4/17/2015 | quarterly | $0.6750 | 7.12% | 4/29/2015 | 5/1/2015 | 5/15/2015 |
| 1/21/2015 | quarterly | $0.6750 | 7.3% | 1/28/2015 | 1/30/2015 | 2/13/2015 |
| 10/20/2014 | quarterly | $0.6250 | 4.67% | 10/29/2014 | 10/31/2014 | 11/14/2014 |
| 7/16/2014 | quarterly | $0.5750 | 3.57% | 7/30/2014 | 8/1/2014 | 8/15/2014 |
| 4/17/2014 | quarterly | $0.5250 | 5.24% | 4/29/2014 | 5/1/2014 | 5/15/2014 |
| 1/17/2014 | quarterly | $0.51 | 5.65% | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 10/21/2013 | quarterly | $0.49 | 6.16% | 10/30/2013 | 11/1/2013 | 11/15/2013 |
| 7/17/2013 | quarterly | $0.4750 | 8.33% | 7/30/2013 | 8/1/2013 | 8/15/2013 |
| 4/18/2013 | quarterly | $0.4750 | | 4/29/2013 | 5/1/2013 | 5/15/2013 |
| 1/22/2013 | quarterly | $0.4750 | 10.75% | 1/30/2013 | 2/1/2013 | 2/15/2013 |
(Data available from 1/1/2013 forward)
Hi Crush Partners (NYSE HCLP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 34.80%
Institutional Ownership Percentage: 33.28%
Hi Crush Partners (NYSE HCLP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/13/2018 | F. Evans Gregory | Director | Buy | 752 | $11.72 | $8,813.44 | |  |
| 12/12/2014 | Laura C Fulton | CFO | Buy | 1,000 | $29.88 | $29,880.00 | | |
| 12/11/2014 | John R Huff | Director | Buy | 50,000 | $31.85 | $1,592,500.00 | | |
| 11/28/2014 | Robert E Rasmus | CEO | Buy | 30,000 | $38.70 | $1,161,000.00 | | |
| 8/15/2014 | Hi-Crush Proppants Llc | Insider | Sell | 3,750,000 | $60.61 | $227,287,500.00 | | |
| 11/21/2012 | John R Huff | Director | Buy | 75,000 | $16.33 | $1,224,750.00 | | |
| 8/21/2012 | John R Huff | Director | Buy | 25,000 | $17.00 | $425,000.00 | | |
| 8/21/2012 | Laura C Fulton | CFO | Buy | 10,000 | $17.00 | $170,000.00 | | |
(Data available from 1/1/2013 forward)
Hi Crush Partners (NYSE HCLP) News Headlines
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Hi Crush Partners (NYSE:HCLP) SEC Filings
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Hi Crush Partners (NYSE:HCLP) Income Statement, Balance Sheet and Cash Flow Statement
Hi Crush Partners (NYSE HCLP) Stock Chart for Thursday, April, 26, 2018
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