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Stock Market & Financial Investment News

News Breaks
December 27, 2012
12:18 EDTHCLPArdsley Partners Fund reports 5.2% passive stake in Hi-Crush Partners
News For HCLP From The Last 14 Days
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July 30, 2015
10:00 EDTHCLPOn The Fly: Analyst Upgrade Summary
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09:06 EDTHCLPHi-Crush Partners upgraded to Outperform at Baird
As reported previously, Baird upgraded Hi-Crush Partners to Outperform from Neutral, citing the potential for sector consolidation, with the company's general partner a possible target. Baird raised its price target to $25 from $21 on Hi-Crush Partners shares.
07:19 EDTHCLPHi-Crush Partners upgraded to Outperform from Neutral at Baird
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July 22, 2015
09:09 EDTHCLPHi-Crush Partners weakness could be excellent buying opportunity, says Cowen
Cowen noted Hi Crush Partners cut its Q2 cash distribution guidance, implying a $10 yield for the remainder of 2015. The firm feels any industry stabilization and recovery could make the stock's current valuation an excellent buying opportunity. Cowen maintained its Outperform rating and $36 price target on Hi-Crush shares.
09:09 EDTHCLPHi-Crush Partners sees capital expenditures of $10M-$15M in rest of 2015
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09:07 EDTHCLPHi-Crush Partners cuts distribution to 47.5c from 67.5c per unit
Hi-Crush Partners announced last night that the board of its general partner has declared a cash distribution of 47.5c per unit on all common and subordinated units. Hi-Crush paid distributions of $2.40 per unit on all common and subordinated units for 2014 and $0.675 per unit for the first quarter 2015. The distribution will be paid on August 14 to all common and subordinated unit holders of record on August 5. "Market conditions resulting from reduced industry sand demand and pricing worsened this quarter with further price reductions and even lower demand. Our management team, along with the Board of Directors, determined that a reduction to the quarterly cash distribution was prudent as we do not expect a rebound in sand demand or pricing until 2016. We are expecting the remainder of 2015 to be challenging with continued uncertainty in the level of well completion activity, which is a key driver of sand demand. We expect to maintain the distribution at this level for the remainder of 2015," said Laura Fulton, CFO.

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