Investors Should Not Hesitate to Buy: Hi-Crush Partners LP (HCLP), Washington Prime Group Inc. (WPG)

Hi-Crush Partners LP (NYSE:HCLP) jumped by 0.25% on Sunday and this got the market excited. This price movement has led to the HCLP stock receiving more attention and has become one to watch out for. The shares dropped by -76.34% or -$12.71 from its last recorded high of $16.65 which it attained on July 27 to close at $3.94 per share. Over the past 52 weeks, the shares of Hi-Crush Partners LP has been trading as low as $3.19 before witnessing a massive surge by 23.51% or $0.75. The stock’s beta now stands at 1.95 and when compared to its 200-day moving average and its 50-day moving average, HCLP price stands -62.17% below and -27.28% below respectively. Its average daily volatility for this week is 10% which is less than the 11.27% recorded over the past month.

Hi-Crush Partners LP (HCLP) sank -9.22% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -68.1% and is now up by 10.06% since start of this year. A look at its monthly performance shows that the stock has recorded a -13.02% fall over the past 30 days. Its equity price dipped by -62.55% over the past three months which led to its overall six-month decrease to stand at -66.61%.

Experts from research firms are bullish about the near-term performance of Hi-Crush Partners LP with most of them predicting a $5.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a 39.59% rise in the stock and would lead to HCLP’s market cap to surge to $553.36M. The stock has been rated an average 3.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 15 analysts that track Hi-Crush Partners LP (NYSE:HCLP) and find out that 8 of them rated it as a Hold. 4 of the 7 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at HCLP technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 44.53 point. Its trading volume has lost -1108491 shares compared to readings over the past three months as it recently exchanged 1191509 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2300000 shares, and this is 0.52 times the normal volume.

Analysts have predicted a price target for Washington Prime Group Inc. (WPG) for 1 year and it stands at an average $5.15/share. This means that it would likely increase by -3.56% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $4.3. On the other hand, one analyst is super bullish about the price, setting a target as high as $6.

Analysts view Washington Prime Group Inc. (NYSE:WPG) as a Sell, with 3.5 consensus rating. Reuters surveyed 2 analysts that follow WPG and found that 2 of those analysts rated the stock as a Hold. The remaining 0 were divided, with 0 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Washington Prime Group Inc. (WPG) shares or sell it if they already own it.