What’s Ahead for Hi-Crush Partners LP (HCLP) After Forming Bearish Ascending Triangle?

December 8, 2017 - By Linda Rogers

Investors sentiment decreased to 1.66 in 2017 Q2. Its down 0.41, from 2.07 in 2017Q1. It is negative, as 22 investors sold Hi-Crush Partners LP shares while 16 reduced holdings. 27 funds opened positions while 36 raised stakes. 44.46 million shares or 4.19% less from 46.41 million shares in 2017Q1 were reported.
Parkwood Ltd owns 71,856 shares. Wells Fargo And Communication Mn accumulated 52,318 shares or 0% of the stock. Sg Cap Mngmt Ltd Liability invested 1.18% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Round Table Ltd Llc has invested 0.06% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Pinnacle Associates Ltd holds 0% or 14,500 shares. Evergreen Cap Ltd Liability Company reported 0.16% in Hi-Crush Partners LP (NYSE:HCLP). S Muoio And Ltd invested 0.05% in Hi-Crush Partners LP (NYSE:HCLP). Waddell Reed Fincl invested in 0.02% or 797,907 shares. Lpl Fin Ltd Liability has invested 0% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Kornitzer Cap Mgmt Ks holds 432,850 shares. Next Fincl Group Incorporated Incorporated invested in 0% or 13,575 shares. Barnett & holds 0.21% or 40,545 shares. Atlantic Tru Ltd Co invested in 0.04% or 573,900 shares. Cwm Limited Liability Com reported 0% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Hite Hedge Asset Management Limited Com has 2.13% invested in Hi-Crush Partners LP (NYSE:HCLP).

The stock of Hi-Crush Partners LP (HCLP) formed an ascending triangle with $9.49 target or 6.00 % below today’s $10.10 share price. The 8 months triangle pattern indicates high risk for the $919.41 million company. If the $9.49 price target is reached, the company will be worth $55.16M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.00% or $0.1 during the last trading session, reaching $10.1. About 1.38 million shares traded. Hi-Crush Partners LP (NYSE:HCLP) has risen 114.79% since December 8, 2016 and is uptrending. It has outperformed by 98.09% the S&P500.

Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on February, 20. They expect $0.53 EPS, up 581.82 % or $0.64 from last year’s $-0.11 per share. HCLP’s profit will be $48.25M for 4.76 P/E if the $0.53 EPS becomes a reality. After $0.32 actual EPS reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts 65.63 % EPS growth.

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

Among 17 analysts covering Hi-Crush Partners (NYSE:HCLP), 10 have Buy rating, 4 Sell and 3 Hold. Therefore 59% are positive. Hi-Crush Partners had 49 analyst reports since July 24, 2015 according to SRatingsIntel. DA Davidson downgraded Hi-Crush Partners LP (NYSE:HCLP) on Monday, June 13 to “Underperform” rating. The rating was maintained by Jefferies on Monday, August 28 with “Buy”. The company was downgraded on Tuesday, October 27 by UBS. The company was upgraded on Monday, July 11 by Jefferies. The stock of Hi-Crush Partners LP (NYSE:HCLP) has “Outperform” rating given on Wednesday, August 12 by Robert W. Baird. UNS downgraded the shares of HCLP in report on Tuesday, October 27 to “Sell” rating. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 7. The rating was downgraded by Robert W. Baird on Tuesday, October 27 to “Underperform”. The rating was maintained by Raymond James with “Buy” on Tuesday, September 13. The stock of Hi-Crush Partners LP (NYSE:HCLP) has “Buy” rating given on Wednesday, October 28 by Wunderlich.

More recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: Globenewswire.com which released: “Hi-Crush Partners LP to Participate in Upcoming Investor Conferences” on November 21, 2017. Also Streetinsider.com published the news titled: “B.Riley/FBR Starts Hi-Crush Partners LP (HCLP) at Buy” on December 06, 2017. Seekingalpha.com‘s news article titled: “Hi-Crush: Just Buy Already” with publication date: December 04, 2017 was also an interesting one.

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