Hi-Crush Partners LP Reports Second Quarter 2017 Results
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Hi-Crush Partners LP (HCLP) PT Lowered to $12 at Cowen; Reiterates Outperform
August 4, 2017 7:19 AM EDTCowen lowered its price target on Hi-Crush Partners LP (NYSE: HCLP) to $12.00 (from $22.00) while maintaining a Outperform rating.
Cowen revised 3Q EBITDA to $50MM from $64MM owing to lower volumes and CM/ton assumption. 2017 EBITDA estimates were cut to $153MM from $170MM, compared to the Street's $116MM.
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