Today's Dead Cat Bounce Stock: Hi-Crush Partners (HCLP)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Hi-Crush Partners ( HCLP) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Hi-Crush Partners as such a stock due to the following factors:

  • HCLP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.3 million.
  • HCLP has traded 58,177 shares today.
  • HCLP is up 3.3% today.
  • HCLP was down 9.4% yesterday.

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More details on HCLP:

Hi-Crush Partners LP operates as a producer and supplier of monocrystalline sand. Monocrystalline sand is a mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The stock currently has a dividend yield of 3.7%. HCLP has a PE ratio of 25.8. Currently there are 7 analysts that rate Hi-Crush Partners a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Hi-Crush Partners has been 522,900 shares per day over the past 30 days. Hi-Crush has a market cap of $1.2 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 1.91 and a short float of 4.6% with 0.51 days to cover. Shares are up 56.1% year-to-date as of the close of trading on Monday.

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