Hi-Crush Partners LP (HCLP) saw a big move last session, as the company’s shares fell by around 9% 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 by nearly 22% since Aug 29.
This premium monocrystalline sand supplier has seen a flat track record when it comes to current year estimate revisions over the past few weeks 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
HCLP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Mining-Miscellaneous industry include Solitario Exploration & Royalty Corp. (XPL), U.S. Silica Holdings, Inc. (SLCA) and Anglo American plc (AAUKY). While Solitario Exploration and U.S. Silica Holdings hold a Zacks Rank #1 (Strong Buy), Anglo American holds a Zacks Rank#2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment