Hi-Crush Partners LP ( HCLP ) is producer and supplier of monocrystalline sand that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HCLP's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Hi-Crush Partners could be a solid choice for investors.
Current Quarter Estimates for HCLP
In the past 30 days, 5 estimates moved up for Hi-Crush Partners but there was no downward revision. The consensus estimate trend has been pretty favourable, with estimates increasing from 57 cents a share 30 days ago, to 71 cents today, a move of 24.6%.
Current Year Estimates for HCLP
Meanwhile, Hi-Crush Partners' current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.44 per share 30 days ago to $2.88 per share today, an increase of 18 %.
The stock has also started to move higher lately, adding 27% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 Hi-Crush Partners stock to profit in the near future.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHI-CRUSH PTNRS (HCLP): Free Stock Analysis ReportTo read this article on Zacks.com click here.