Wunderlich Securities Believes Hi-Crush Partners LP Offers Dependability During Uncertain Times

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In a report published Monday, Wunderlich Securities analyst Abhishek Sinha reiterated a Buy rating and $53.00 price target on
Hi-Crush Partners LPHCLP
. In the report, Wunderlich Securities noted, "We had Ms. Laura Fulton, CFO of Hi-Crush Partners (HCLP), on the road with us and the takeaway message was very clear. The downturn in the oil market has indiscriminately punished all frac sand names, overlooking critical attributes that actually differentiate wheat from chaff. HCLP has solid contracts and strong financial metrics put in place particularly to protect investors from such downside scenarios; however, it appears those attributes have been callously disregarded by the market. We believe the inefficiency in the market opens up a great opportunity for investors as HCLP is trading at price levels of almost a year ago but the company is much bigger and stronger today." Hi-Crush Partners LP closed on Friday at $37.15.
Posted In: Analyst ColorReiterationAnalyst RatingsAbhishek SinhaWunderlich Securities
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