Hi-Crush Partners (HCLP) has generated returns of 25% so far in 2018. It has returned 8% in the trailing 12 months. The stock is currently trading at a yield of ~6.6%.
Of the 17 Reuters-surveyed analysts covering Hi-Crush Partners, four have rated the stock a “strong buy,” 11 have rated it a “buy,” and the remaining two have rated it a “hold.”
Analysts’ mean price target for Hi-Crush Partners is $16.90. It’s currently trading at $13.20. That implies an upside of 28% in a year from its current price. The above graph shows how analysts’ recommendations and average price target for HCLP have changed over the last 12 months.
HCLP’s moving averages
Hi-Crush Partners stock is currently trading 7% above its 50-day moving average and 21% above its 200-day moving average. Its 50-day moving average crossed above its 200-day average—a bullish sign—in January. Its 50-day moving average may act as a support for the stock in the near term.
According to data released on May 24, short interest in Hi-Crush Partners fell 12.6% to 6.1 million shares on May 15, from 7 million shares on April 30. Its short interest as a percentage of float is 9.3%.
Next, we’ll take a look at royalty interest owner MLP Kimbell Royalty Partners (KRP). Its stock surged 8% on May 29.