NEW YORK (TheStreet) -- Shares of Hi-Crush Partners LP (HCLP) are up 2.09% to $61.08 after UBS raised its price target to $65 from $47 following the company's updated long-term frac sand contract with Halliburton (HAL) announced on June 23.
UBS maintained its "buy" rating on Hi-Crush and cited its contract opportunities in the Bakken Shale and Utica Shale.
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TheStreet Ratings team rates HI-CRUSH PARTNERS LP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate HI-CRUSH PARTNERS LP (HCLP) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."