Hi-Crush Partners LP (NYSE: HCLP) had its price target boosted by equities researchers at Jefferies Group from $20.00 to $21.00.Jefferies Group currently has a rating of Buy on the shares. A number of other analysts have spoken on the stock recently, and Hi-Crush Partners LP has earned a consensus one-year price target of $14.00, lower than the opening price of $15.54, a difference of 9.12 percent. Hi-Crush Partners LP stock has a 52-week high of $16.81.
U.S. stocks finished sharply lower on Tuesday as equities amid a slump in energy shares and continued uncertainty about the Federal Reserve’s plans for monetary policy.
The Dow Jones Industrial Average DJIA, -1.41% closed 258.05 points, or 1.4%, lower at 18,066.89, and was down nearly 300 points at its lowest.
The S&P 500 index SPX, -1.48% gave up 32.02 points, or 1.5%, at 2,127.02.
Meanwhile, the Nasdaq Composite Index COMP, -1.09% fell 56.63 points, or 1.1%, at 5,155.25.
Stock prices often move to the upside on recommendations and new price targets of professional brokerage firms.
Shares of Hi-Crush Partners LP (NYSE: HCLP) opened at $15.54 yesterday and traded in a range between, $14.92 and $15.61, and last traded at $15.35, which represents a change of $ -0.54 over the previous closing price.
Hi-Crush Partners LP (NYSE: HCLP) currently has a market cap of 754.28M
The stocks average daily volume is 743,491 shares out of a total float 36,765,000 and some 556,601 shares crossed the trading desk yesterday, 26 percent lower than normal. Look for trading volume to pick up in the coming days as swing traders often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
With that in mind Hi-Crush Partners LP (NYSE: HCLP) now has a 50-day MA is $13.34 and 200-day MA is $9.39, and it has traded in a 52-week range between $3.55 – 16.81 and today’s last price is -8.69 percent off the 52 week high of $16.81.
Earnings growth is an important factor toresearch when buying stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.
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