Research Report Coverage on Select Basic Materials Stocks -- Fairmount Santrol, Harsco, Hi-Crush Partners, and Eni SpA
NEW YORK, August 9, 2016 /PRNewswire/ --
Today, Stock-Callers.com reviews four Basic Materials stocks, namely: Fairmount Santrol Holdings Inc. (NYSE: FMSA), Harsco Corp. (NYSE: HSC), Hi-Crush Partners L.P. (NYSE: HCLP), and Eni SpA (NYSE: E). Research firm Charles Schwab has maintained its "Market-Perform" rating on the Basic Materials sector, which started off 2016 on rough waters. These stocks research reports can be downloaded now by simply registering for free at:
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Fairmount Santrol Holdings
At the close on Monday, shares in Chesterland, Ohio headquartered Fairmount Santrol Holdings Inc. rose 1.72%, ending the day at $7.67. The stock recorded a trading volume of 2.23 million shares. The Company's shares have surged 136.00% in the previous three months and 226.38% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.91% and 103.42%, respectively. Moreover, shares of Fairmount Santrol Holdings, which together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells, have a Relative Strength Index (RSI) of 56.14.
On July 26th, 2016, research firm Cowen upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. The research firm also revised upwards the target price of the stock from its previous $4 per share to $8.50 per share.
On August 04th, 2016, Fairmount Santrol Holdings reported that revenues were $114.2 million for Q2 2016, down 48% from $221.3 million for the same period in 2015. For Q2 2016, the Company had a net loss of $87.9 million, or $0.54 loss per diluted share, compared to net income of $14.1 million, or $0.08 per diluted share for Q2 2015. Your complete research report on FMSA can be retrieved for free at:
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Harsco
Shares in Camp Hill, Pennsylvania headquartered Harsco Corp. ended the day 1.58% higher at $10.96 and with a total volume of 649,241 shares traded. In the last month and the previous three months, the stock has gained 51.17% and 66.31%, respectively. Moreover, the Company's shares have advanced 40.18% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 40.58% and 48.92%, respectively. Furthermore, shares of Harsco, which provides industrial services and engineered products worldwide, have an RSI of 76.98.
On August 4th, 2016, Harsco reported that on a GAAP basis diluted loss per share from continuing operations was $0.35 for Q2 2016 as compared to diluted earnings per share of $0.08 in Q2 2015. The company's total revenues were $370 million in Q2 2016 compared to $456 million in the year ago quarter. Foreign currency translation negatively affected Q2 2016 revenues by approximately $13 million. HSC free report is just a click away at:
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Hi-Crush Partners
On Monday, shares in Houston, Texas-based Hi-Crush Partners L.P. finished 6.60% higher at $13.72 with a total volume of 549,950 shares traded. The stock has advanced 7.27% in the last one month, 126.03% over the previous three months, and 131.76% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 17.87% and 88.55%, respectively. Additionally, shares of Hi-Crush Partners, which produces and supplies monocrystalline sand in the US, have an RSI of 64.15.
On July 11th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $6 per share to $20 per share.
On August 2nd, 2016, Hi-Crush Partners reported that revenues for Q2 2016 totaled $38.4 million on sales of 849,263 tons of frac sand. This compares to revenues in Q1 2016 of $52.1 million on sales of 962,998 tons of frac sand. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for Q2 2016 was $(3.4) million, compared to $(44.7) million for Q1 2016, which was negatively impacted by $33.7 million of goodwill impairment and $8.2 million of bad debt expense. Sign up for your complimentary research report on HCLP at:
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Eni SpA
Rome, Italy headquartered Eni SpA's shares recorded a trading volume of 220,343 shares at the end of yesterday's session and closed the day at $30.07, gaining 0.94%. The stock has advanced 1.65% in the previous three months and 4.00% on an YTD basis. The Company's shares are trading above their 200-day moving average by 1.28%. Additionally, shares of Eni SpA, which engages in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction, and engineering industries, have an RSI at 41.09. Register for free on Stock-Callers.com and download the latest research report on E at:
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