Q2 2020 EPS Estimates for Hi-Crush Inc. Decreased by Analyst (NYSE:HCR)

Hi-Crush Inc. (NYSE:HCR) – Research analysts at Seaport Global Securities reduced their Q2 2020 earnings per share (EPS) estimates for Hi-Crush in a report issued on Friday, August 16th. Seaport Global Securities analyst M. Urban now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.04. Seaport Global Securities also issued estimates for Hi-Crush’s Q3 2020 earnings at $0.07 EPS and Q4 2020 earnings at $0.02 EPS.

HCR has been the topic of a number of other reports. ValuEngine upgraded Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. AltaCorp Capital lowered Hi-Crush from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, July 30th. Zacks Investment Research lowered Hi-Crush from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 6th. Finally, Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the stock a “hold” rating in a research report on Monday, August 12th.

NYSE HCR opened at $1.76 on Monday. The company has a market cap of $185.28 million, a price-to-earnings ratio of 1.18 and a beta of 1.93. Hi-Crush has a one year low of $1.55 and a one year high of $12.90. The stock’s 50 day simple moving average is $2.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.03 and a current ratio of 1.29.

In other Hi-Crush news, COO Michael A. Oehlert purchased 56,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average cost of $1.77 per share, for a total transaction of $99,120.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert E. Rasmus acquired 100,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $1.63 per share, for a total transaction of $163,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 181,000 shares of company stock worth $302,620. 34.80% of the stock is owned by corporate insiders.

Hi-Crush Company Profile

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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Earnings History and Estimates for Hi-Crush (NYSE:HCR)

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