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U.S. Silica Holdings’ (SLCA) operations are divided into two segments—Oil & Gas Proppants and Industrial & Specialty Products.
Frac sand companies’ earnings are driven by their production levels. Global crude oil demand and supply dynamics drive the level of production as well as oil prices. Oil prices, therefore, have a high impact on the stocks of energy companies in general and frac sand companies in particular.
U.S. Silica Holdings (SLCA) stock has fallen 40% so far in 2018. The stock has seen a downward trend since mid-May, and it hit a new 52-week low this month. It has recovered a bit since then.
Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers in the week ended September 14. The three stocks gained 5.2%, 4.9%, and 4.6%, respectively, that week. Dominion Energy Midstream Partners (DM) rose 4.5% last week. However, the stock has fallen 39% year-to-date.
Hi-Crush Partners LP (HCLP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hi-Crush Partners LP (HCLP), "Hi-Crush" or the "Company", today announced that on August 20, 2018, John R. Huff notified the Company of his resignation from the Board of Directors (the "Board"). Mr. Huff has served as a non-independent director of Hi-Crush Proppants LLC since May 2011 and was appointed to the Board of the Company’s general partner by Avista Capital Partners in May 2012. "I have considered it a privilege to serve on the Board and to work with the extraordinarily talented team that has been assembled at Hi-Crush and to have played a role in the Company’s development," said Mr. Huff.
Of the 17 analysts surveyed by Reuters covering Hi-Crush Partners (HCLP), one analyst rated the stock as a “strong buy,” nine rated it as a “buy,” and seven rated it as a “hold.” The median target price for Hi-Crush Partners is $17, which implies an upside potential of 39% from its current price of $12.25. Of the 15 analysts covering Buckeye Partners (BPL), two analysts recommended a “strong buy,” one recommended a “buy,” 11 recommended a “hold,” and one recommended a “sell.” Buckeye Partners’ median target price of $39.5 implies an upside potential of ~7% from its current price of $37.01. On August 6, Stifel cut its target price for Buckeye Partners from $45 to $43.
In this part, we’ll discuss the MLPs that are trading at a yield higher than 10%. The MLPs included in the discussion are oil and gas MLPs. Shipping and coal MLPs aren’t included. Only MLPs with a market capitalization of more than $500 million are considered. Enbridge Energy Management (EEQ) and Enbridge Energy Partners (EEP) aren’t included pending their proposed merger with Enbridge (ENB).
On August 16, Morgan Stanley resumed coverage on Williams Companies (WMB) with an “overweight” rating on the stock. Morgan Stanley has given a target price of $35 for Williams Companies.
NEW YORK, Aug. 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of H&R ...
With shares trading more than 20 percent higher since a distribution increase announcement in July, Hi-Crush Partners LP (NYSE: HCLP ) was downgraded by Simmons & Co. on valuation concerns. The Analyst ...
Hi-Crush Partners (HCLP) saw a rating downgrade and target price revision last week. Cowen & Company lowered Hi-Crush Partners to “market perform,” which is equivalent to “hold,” from “outperform,” which is equivalent to “buy.” Credit Suisse raised the partnership’s target price to $17 from $15.
Hi-Crush Partners (HCLP), which was the top MLP gainer in the week ending July 27 with massive week-over-week gains of 40.6%, saw some profit-booking last week following its second-quarter earnings announcement and management’s plans to change its corporate structure. To learn more, read Hi-Crush Partners’ Sand Volumes Rose 16% in Q2 2018.
HOUSTON, Aug. 07, 2018-- Hi-Crush Partners LP, or“ Hi-Crush”, today announced that management will present and meet with investors at the following investor conferences:. Heikkinen Energy Conference in ...
It might sound enticing, but the complexity of the situation could lead to misery down the road for investors that are only chasing the high yield.
NEW YORK, NY / ACCESSWIRE / August 1, 2018 / Hi-Crush Partners LP (NYSE: HCLP ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 1, 2018 at 8:30 AM Eastern Time. ...
Revenues of $248.5 million in 2 Q 2018 vs. $218.1 million in 1 Q 2018 and $135.2 million in 2 Q 2017 Net income of $68.0 million in 2 Q 2018 vs. $53.9 million in 1 Q 2018 and $16.4 million in 2 Q 2017 ...