Hi-Crush Partners LP (NYSE:HCLP)
May 15th, 2019
With markets going up Hi-Crush Partners LP fell ($0.21) Wednesday, down 8.33%, closing at $2.31. Sadly, in addition to dropping HCLP ended up closing the day at a new 52 week low.As well as the drop in value, Hi-Crush Partners LP hit a new 52 week low of $2.31, breaking the previous low of $2.50 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.08.
HCLP was outperformed by the rest of the Energy sector which went up 0.46%.
Analysis results from 13 analysts suggest that Hi-Crush Partners LP could go up significantly (36.19%), while Finbox has calculated (with high uncertainty) a fair value price of $3.18.
The market sectors were mixed Wednesday with a majority of the sectors trending up. Communication Services saw the biggest increase of the day (2.11%), while Financials saw the biggest drop (-0.48%). Information Technology has seen the biggest year-to-date gain at 21.11%.
Communication Services saw the biggest turnaround from its 5-day performance of -0.19%, as it went up 2.11%. Utilities saw a turn around from its 5-day performance of 1.74% trading down -0.13%.
- Communication Services went up with a 2.11% change.
- Information Technology went up with a 0.98% change.
- Consumer Staples went up with a 0.80% change.
- Consumer Discretionary went up with a 0.78% change.
- Real Estate went up with a 0.64% change.
- Energy went up with a 0.46% change.
- Healthcare went up with a 0.27% change.
- Industrials went up with a 0.12% change.
- Utilities went down with a -0.13% change.
- Materials went down with a -0.24% change.
- Financials went down with a -0.48% change.
Hi-Crush Partners LP Info
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin. The company also owns and operates a 1,226-acre frac sand reserve located near Kermit, Texas; and 12 terminal locations throughout Pennsylvania, Ohio, Texas, Colorado, and New York. It primarily serves pressure pumping service providers, and oil and gas exploration and production companies. Hi-Crush GP LLC operates as the general partner of the company. Hi-Crush Partners LP was founded in 2012 and is based in Houston, Texas.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Hi-Crush Partners LP’s score is 1.08) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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