Hi-Crush Partners LP
HCLP
Delayed Nyse - 06/20 10:02:03 pm
11.9USD
+3.48%

Helped by a technical support level

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David Meurisse
Contributor / Partner

Strategy published on : 07/13/2017 | 17:26

long trade
Stop-loss triggered

Entry price : 9.5$
Target : 10.95$
Stop-loss : 8.85$
Potential : 15.26%

Hi-Crush Partners LP shares are closing back in on major support levels around 9.2 USD based on daily price data, which could offer attractive entry points.
Investors have an opportunity to buy the stock and target the $ 10.95.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 9.2 USD in weekly data.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 9.2 support.

● According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Historically, the company has been releasing figures that are above expectations.

● Its low valuation, with P/E ratio at 8.39 and 3.8 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● Below the resistance at 15.1 USD, the stock shows a negative configuration when looking looking at the weekly chart.

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