Why Hi-Crush Partners LP (NYSE:HCLP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $12.78 on Hi-Crush Partners LP (NYSE:HCLP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.84 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Hi-Crush Partners LP (NYSE:HCLP) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Hi-Crush Partners LP Common Uni, the PEG ratio for coming 3-5 years is -1.53.

Technical Analysis

The technical analysis highlights that Hi-Crush Partners LP Common Uni current is trading $0.85 points away or +6.88% from its 50-day moving average of $12.28. Further it is trading $5.23 or +66.18% away its 200-day moving average of $7.90.

The 52-week high of Hi-Crush Partners LP (NYSE:HCLP) was $17.25 while lowest point recorded in 52-week was $3.55. It implies if stock price makes a movement of over $-4.12, it will record a new 52-week high. In the case of +269.86% drop, it will touch a new 52-week low.

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