Hi-Crush (NYSE:HCR) Rating Lowered to Underperform at AltaCorp Capital

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Hi-Crush (NYSE:HCR) was downgraded by investment analysts at AltaCorp Capital from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other equities analysts have also recently issued reports on HCR. ValuEngine upgraded Hi-Crush from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies set a $2.00 price objective on Hi-Crush and gave the company a “hold” rating in a report on Monday, August 12th. Finally, TheStreet cut Hi-Crush from a “c-” rating to a “d” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $2.00.

HCR traded down $0.01 during trading hours on Thursday, reaching $1.14. 1,301,872 shares of the company’s stock traded hands, compared to its average volume of 1,009,506. The company’s 50-day moving average price is $1.50. Hi-Crush has a 52-week low of $1.06 and a 52-week high of $8.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.29 and a quick ratio of 1.03. The firm has a market capitalization of $125.87 million, a price-to-earnings ratio of 0.77 and a beta of 1.89.

Hi-Crush (NYSE:HCR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. Hi-Crush had a negative return on equity of 2.82% and a negative net margin of 59.74%. The company had revenue of $172.97 million during the quarter, compared to analysts’ expectations of $167.86 million. During the same quarter in the previous year, the business earned ($0.12) EPS. Hi-Crush’s revenue was down 19.2% compared to the same quarter last year. Sell-side analysts forecast that Hi-Crush will post -0.25 EPS for the current fiscal year.

About Hi-Crush

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.

Read More: Leveraged Buyout (LBO)

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