Hi-Crush (NYSE:HCR) Given a $2.00 Price Target by Piper Jaffray Companies Analysts

Hi-Crush (NYSE:HCR) received a $2.00 price target from research analysts at Piper Jaffray Companies in a report issued on Monday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ target price points to a potential upside of 8.11% from the stock’s current price. Piper Jaffray Companies also issued estimates for Hi-Crush’s Q3 2019 earnings at ($0.05) EPS, Q4 2019 earnings at ($0.07) EPS, FY2019 earnings at ($0.13) EPS, Q1 2020 earnings at ($0.05) EPS, Q2 2020 earnings at ($0.04) EPS, Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at ($0.03) EPS and FY2020 earnings at ($0.15) EPS.

Other research analysts have also issued reports about the stock. ValuEngine raised shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. AltaCorp Capital lowered shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, July 30th. Finally, Zacks Investment Research lowered shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 6th.

Hi-Crush stock traded down $0.02 during midday trading on Monday, reaching $1.85. 711,036 shares of the stock traded hands, compared to its average volume of 1,061,736. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $2.14. The firm has a market cap of $192.11 million, a price-to-earnings ratio of 1.24 and a beta of 1.93. Hi-Crush has a fifty-two week low of $1.55 and a fifty-two week high of $13.30.

In related news, COO Michael A. Oehlert purchased 56,000 shares of Hi-Crush stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $1.77 per share, with a total value of $99,120.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Laura C. Fulton purchased 25,000 shares of Hi-Crush stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $1.62 per share, with a total value of $40,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 181,000 shares of company stock valued at $302,620 over the last three months. 34.80% of the stock is currently owned by company 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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