Hi-Crush (NYSE:HCR) Downgraded to Sell at ValuEngine

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ValuEngine lowered shares of Hi-Crush (NYSE:HCR) from a hold rating to a sell rating in a research report released on Thursday, ValuEngine reports.

HCR has been the subject of a number of other research reports. AltaCorp Capital lowered shares of Hi-Crush from a sector perform rating to an underperform rating in a research report on Thursday, November 7th. TheStreet lowered shares of Hi-Crush from a c- rating to a d rating in a research report on Tuesday, September 3rd. Finally, Piper Jaffray Companies set a $2.00 target price on shares of Hi-Crush and gave the stock a hold rating in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Hi-Crush currently has an average rating of Sell and a consensus price target of $2.00.

NYSE:HCR traded down $0.11 during trading hours on Thursday, reaching $0.82. The company’s stock had a trading volume of 900,000 shares, compared to its average volume of 1,016,561. The company has a market cap of $80.91 million, a P/E ratio of 0.55 and a beta of 1.89. Hi-Crush has a one year low of $0.80 and a one year high of $7.46. The business has a 50-day moving average of $1.33. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.25.

Hi-Crush (NYSE:HCR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $172.97 million during the quarter, compared to analysts’ expectations of $167.86 million. Hi-Crush had a negative net margin of 59.74% and a negative return on equity of 3.18%. Hi-Crush’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. Sell-side analysts forecast that Hi-Crush will post -0.29 EPS for the current fiscal year.

In other news, CEO Robert E. Rasmus bought 50,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of $1.02 per share, with a total value of $51,000.00. Following the transaction, the chief executive officer now directly owns 216,044 shares in the company, valued at $220,364.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 34.80% of the stock is owned by insiders.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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