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 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)
Receive News & Ratings for Hi-Crush Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush and related companies with MarketBeat.com's FREE daily email newsletter.