Hi-Crush (NYSE:HCR) Trading Down 6.8%

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Hi-Crush Inc. (NYSE:HCR) fell 6.8% during mid-day trading on Thursday . The stock traded as low as $2.05 and last traded at $2.05, 676,228 shares were traded during trading. A decline of 35% from the average session volume of 1,036,129 shares. The stock had previously closed at $2.20.

Several research firms have issued reports on HCR. TheStreet lowered shares of Hi-Crush from a “c-” rating to a “d” rating in a research report on Tuesday, September 3rd. ValuEngine raised shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 6th. Piper Jaffray Companies set a $2.00 price objective on shares of Hi-Crush and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, AltaCorp Capital lowered shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. Hi-Crush currently has an average rating of “Sell” and an average target price of $2.00.

The company has a market capitalization of $206.41 million, a P/E ratio of 1.38 and a beta of 1.95. The firm’s 50-day moving average price is $1.79. The company has a quick ratio of 1.03, a current ratio of 1.29 and a debt-to-equity ratio of 0.76.

Hi-Crush (NYSE:HCR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $178.00 million for the quarter, compared to analyst estimates of $170.08 million. Hi-Crush had a negative net margin of 14.99% and a positive return on equity of 1.87%. As a group, equities research analysts anticipate that Hi-Crush Inc. will post -0.19 EPS for the current year.

Hi-Crush Company Profile (NYSE:HCR)

Hi-Crush Inc, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

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