Hi-Crush Partners LP (HCLP) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HCLP, as the stock is now down nearly 27% since Aug 31.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
HCLP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the Mining-Miscellaneous industry is Solitario Exploration & Royalty Corp. (XPL), which currently carries a Zacks Rank #1 (Strong Buy).
Is HCLP going up? Or down? Predict to see what others think: Up or Down
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HI-CRUSH PTNRS (HCLP): Free Stock Analysis Report
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