In a report published Friday, Wunderlich Securities analyst Abhishek Sinha reiterated a Hold rating and $66.00 price target on Hi-Crush Partners LP HCLP.
In the report, Wunderlich Securities noted, “Yesterday we had the opportunity to meet with HCLP management at its office in Houston, allowing us to take a closer look at the company and understand its strategy better. We believe HCLP is well positioned to take advantage of the uptrend in frac sand demand. The company offers a more balanced risk reward proposition that should suit long-term investors versus some of its competitors running a high-risk high-reward business model.”
Hi-Crush Partners LP closed on Thursday at $61.44.
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