Top 3 Monthly Losers: Hi-Crush Partners LP (HCLP), Rice Energy Inc (RICE), And Williams Partners L.P. (WPZ)
New York, NY – GDP INSIDER – 01/08/2014.
Hi-Crush Partners LP (NYSE:HCLP)’s exposure to the now volatile oil industry can be attributed to its stock price woes. Nobody can tell for sure when or where things will get better in the oil market so that support companies such as Hi-Crush might have the peace of mind.
However, some analysts have cited that insider buying in Hi-Crush while prices are at their lows could lead to a rebound in the stock. That is because insiders very well under the company’s fundamentals and their bullish moves are likely to firm up the confidence of other investors.
Although Hi-Crush Partners LP (NYSE:HCLP) is facing trouble on the market, the company has kept its charity wheels turning. It recently donated cash of $5,000 and land to Ecumenical Food Pantry in Sheffield Area.
Rice Energy Inc (NYSE:RICE) may have had a rough start to 2015, mainly because of the declining oil prices. However, some analysts have a bullish outlook on the stock this year and beyond. For example, analysts at Sterne Agee have a “Buy” rating on the stock. They also believe the company will improve its 2015 production levels by 90% or more by spending just about $1 billion. Additionally, they believe that Rice Energy Inc (NYSE:RICE) can spend $845 million without the need to draw from its credit facility.
Although the analysts now estimate that Rice Energy Inc (NYSE:RICE) will spend $1 billion in capital projects in 2015, they previously estimated $1.25 billion. If the company makes $1 billion capital spending this year, a $155 million deficit in free-cash flow is expected.
Williams Partners L.P. (NYSE:WPZ)’s improved Geismar plant was set to start the sale of ethylene this month. The company increased the capacity of the Geismar plant to annual production level of 1.95 billion pounds of ethylene.
Although the currently volatile oil market has caused panic among energy companies and investors, Williams Partners L.P. (NYSE:WPZ) expects to benefit from its Geismar plant ethylene project. Gains there are expected to improve share price in the company.
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