What Will Happen to Hi-Crush Partners LP (HCLP) Next? The Stock Formed a Several Months Bearish Wedge Down Chart Pattern

July 17, 2017 - By Henry Gaston

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.79, from 1.63 in 2016Q3. It turned negative, as 13 investors sold Hi-Crush Partners LP shares while 24 reduced holdings. 14 funds opened positions while 17 raised stakes. 27.87 million shares or 11.33% more from 25.03 million shares in 2016Q3 were reported.
Comml Bank Of America Corp De holds 0.01% or 2.12 million shares. Mizuho Usa has 0.03% invested in Hi-Crush Partners LP (NYSE:HCLP) for 35,000 shares. 38,889 are held by Peak6 L P. The Washington-based Tradewinds Management Ltd Liability Com has invested 0% in Hi-Crush Partners LP (NYSE:HCLP). Bnp Paribas Arbitrage Sa holds 0.01% or 126,546 shares in its portfolio. Oceanic Inv Mngmt Ltd reported 530,900 shares. Glg Ptnrs Ltd Partnership accumulated 199,351 shares. Penn Capital Management invested in 0.04% or 32,475 shares. Credit Suisse Ag holds 0% or 245,135 shares in its portfolio. Grp One Trading L P accumulated 76,856 shares. Next Fincl Group Inc has 2,525 shares. Raymond James Financial Advsr reported 0.01% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Peconic Partners Limited Liability Corp has invested 0.28% in Hi-Crush Partners LP (NYSE:HCLP). Sg Americas Securities Ltd Liability Company reported 0.08% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Balyasny Asset Mngmt Ltd Llc has invested 0.19% in Hi-Crush Partners LP (NYSE:HCLP).

Since February 28, 2017, it had 0 buys, and 1 sale for $72,521 activity. 4,100 Hi-Crush Partners LP (NYSE:HCLP) shares with value of $72,521 were sold by Barker William E.

The stock of Hi-Crush Partners LP (HCLP) formed a down wedge with $9.83 target or 5.00 % below today’s $10.35 share price. The 6 months wedge indicates high risk for the $937.28M company. If the $9.83 price target is reached, the company will be worth $46.86 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 947,753 shares traded. Hi-Crush Partners LP (NYSE:HCLP) has risen 114.79% since July 17, 2016 and is uptrending. It has outperformed by 98.09% the S&P500.

Analysts expect Hi-Crush Partners LP (NYSE:HCLP) to report $0.15 EPS on August, 1.They anticipate $0.41 EPS change or 157.69 % from last quarter’s $-0.26 EPS. HCLP’s profit would be $13.58M giving it 17.25 P/E if the $0.15 EPS is correct. After having $-0.07 EPS previously, Hi-Crush Partners LP’s analysts see -314.29 % EPS growth.

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

Among 13 analysts covering Hi-Crush Partners (NYSE:HCLP), 7 have Buy rating, 4 Sell and 2 Hold. Therefore 54% are positive. Hi-Crush Partners had 37 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, October 27 the stock rating was downgraded by Robert W. Baird to “Underperform”. Wunderlich maintained the stock with “Hold” rating in Thursday, October 1 report. Wunderlich maintained the shares of HCLP in report on Tuesday, June 14 with “Hold” rating. The rating was maintained by Jefferies on Wednesday, April 12 with “Buy”. UNS downgraded Hi-Crush Partners LP (NYSE:HCLP) on Tuesday, October 27 to “Sell” rating. On Wednesday, June 15 the stock rating was upgraded by Raymond James to “Strong Buy”. The company was downgraded on Wednesday, August 12 by Robert W. Baird. The firm has “Neutral” rating by Credit Suisse given on Friday, September 4. The company was upgraded on Wednesday, September 28 by UBS. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Accumulate” rating by Johnson Rice on Friday, June 23.

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