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HCLP, EMES: Are Frac Sand MLPs Currently Attractive?

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Part 9
HCLP, EMES: Are Frac Sand MLPs Currently Attractive? PART 9 OF 9

Wall Street Analysts Seem Bullish on Hi-Crush Partners

Analyst recommendations

Analysts’ consensus target price for Hi-Crush Partners (HCLP) for the next year is $16, which implies a massive 77.0% price return over the next year based on HCLP’s current price of $9.05. All the analysts surveyed by Reuters have rated Hi-Crush Partners a “buy.” On August 28, 2017, Jefferies cut HCLP’s price target to $15.

Wall Street Analysts Seem Bullish on Hi-Crush Partners

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EMES ratings

Of the analysts surveyed, 50.0% rated Emerge Energy Services (EMES) a “buy,” and 50.0% rated it a “hold.” None of the surveyed analysts rated EMES a “sell.” The median target price of the stock is $12. It’s currently trading at $8.03. That implies a price return of 49.0% over the next year.

In comparison, U.S. Silica Holdings (SLCA) got “buy” recommendations from 89.0% of the surveyed analysts, and Fairmount Santrol Holdings (FMSA) got “buy” recommendations from 63.0% of the surveyed analysts.

HCLP and EMES price targets

Hi-Crush Partners had a median price target of $25.10 in March 2017. The stock is currently trading at $9.05. Its current median target price is $16. Similarly, Emerge Energy Services had a median price target of $21.50 in March 2017 and is currently trading at $8.05. Analysts have now given EMES a median price target of $12.

It will be interesting to see how these frac sand MLPs perform in the future. Since drilling activity directly impacts the demand for frac sand, a slowdown in drilling activity may further hurt frac sand companies’ stocks. Notably, small-cap stocks such as Hi-Crush Partners and Emerge Energy Services tend to be riskier with much higher price fluctuations than large-cap stocks.

To learn more about the top four MLPs by market capitalization, be sure to read In-Depth Analysis of the Top 4 MLPs: EPD, ETP, WPZ, and MMP.

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