Hi-Crush Partners LP (HCLP) Could Burn Your Portfolio. The Stock Formed Ascending Triangle Pattern

December 8, 2017 - By Vivian Park

Investors sentiment decreased to 1.66 in 2017 Q2. Its down 0.41, from 2.07 in 2017Q1. It dropped, as 22 investors sold Hi-Crush Partners LP shares while 16 reduced holdings. 27 funds opened positions while 36 raised stakes. 44.46 million shares or 4.19% less from 46.41 million shares in 2017Q1 were reported.
Winfield Assoc reported 1,600 shares. Atlantic Trust Group Inc Ltd reported 573,900 shares. 611,032 are held by Sg Cap Management Limited Liability Company. Vestor Capital Limited Liability Co holds 0.01% or 4,000 shares. The Pennsylvania-based Pnc Finance Services Group Inc Inc has invested 0% in Hi-Crush Partners LP (NYSE:HCLP). 15,000 are owned by Hodges Capital Incorporated. Round Table Svcs Limited Co has invested 0.06% in Hi-Crush Partners LP (NYSE:HCLP). Pinnacle Associate holds 0% or 14,500 shares. Benjamin F Edwards holds 0% in Hi-Crush Partners LP (NYSE:HCLP) or 100 shares. Peconic Prns Ltd Limited Liability Company has 107,380 shares for 0.19% of their portfolio. Cwm Llc, a Nebraska-based fund reported 500 shares. Oceanic Inv Management Limited reported 566,100 shares. Fincl Bank Of Ny Mellon invested in 20,462 shares. Parallax Volatility Advisers Lp reported 1 shares. Bancorp Of America Corporation De accumulated 5.83M shares or 0.01% of the stock.

The stock of Hi-Crush Partners LP (HCLP) formed an ascending triangle with $9.49 target or 6.00 % below today’s $10.10 share price. The 8 months triangle pattern indicates high risk for the $919.41 million company. If the $9.49 price target is reached, the company will be worth $55.16M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.00% or $0.1 during the last trading session, reaching $10.1. About 1.38M shares traded. Hi-Crush Partners LP (NYSE:HCLP) has risen 114.79% since December 8, 2016 and is uptrending. It has outperformed by 98.09% the S&P500.

Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on February, 20. They expect $0.53 earnings per share, up 581.82 % or $0.64 from last year’s $-0.11 per share. HCLP’s profit will be $48.25M for 4.76 P/E if the $0.53 EPS becomes a reality. After $0.32 actual earnings per share reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts 65.63 % EPS growth.

Hi-Crush Partners LP (NYSE:HCLP) Ratings Coverage

Among 17 analysts covering Hi-Crush Partners (NYSE:HCLP), 10 have Buy rating, 4 Sell and 3 Hold. Therefore 59% are positive. Hi-Crush Partners had 49 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, December 7 the stock rating was initiated by DA Davidson with “Buy”. The stock has “Buy” rating by Piper Jaffray on Tuesday, October 31. Wunderlich maintained Hi-Crush Partners LP (NYSE:HCLP) rating on Tuesday, June 14. Wunderlich has “Hold” rating and $11 target. Wunderlich maintained the stock with “Buy” rating in Wednesday, October 28 report. Credit Suisse upgraded the shares of HCLP in report on Wednesday, June 1 to “Outperform” rating. On Wednesday, December 6 the stock rating was initiated by FBR Capital with “Buy”. Credit Suisse maintained the stock with “Buy” rating in Thursday, July 20 report. The rating was maintained by Jefferies with “Buy” on Thursday, October 5. As per Tuesday, October 27, the company rating was downgraded by UBS. DA Davidson downgraded the stock to “Underperform” rating in Monday, June 13 report.

More recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: Seekingalpha.com which released: “Hi-Crush: Just Buy Already” on December 04, 2017. Also Globenewswire.com published the news titled: “Hi-Crush Partners LP to Participate in Upcoming Investor Conferences” on November 21, 2017. Streetinsider.com‘s news article titled: “B.Riley/FBR Starts Hi-Crush Partners LP (HCLP) at Buy” with publication date: December 06, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.