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

Hi-Crush (NYSE:HCR) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, ValuEngine reports.

Other research analysts also recently issued reports about the company. AltaCorp Capital downgraded Hi-Crush from a “sector perform” rating to an “underperform” rating in a research note on Thursday, November 7th. TheStreet downgraded Hi-Crush from a “c-” rating to a “d” rating in a research note on Tuesday, September 3rd. Finally, Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the company a “hold” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $2.00.

Shares of HCR stock opened at $0.90 on Thursday. The company has a 50 day moving average of $1.42. Hi-Crush has a twelve month low of $0.90 and a twelve month high of $8.10. The stock has a market cap of $104.99 million, a P/E ratio of 0.60 and a beta of 1.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 1.25.

Hi-Crush (NYSE:HCR) last announced its earnings results on Tuesday, November 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Hi-Crush had a negative return on equity of 3.18% and a negative net margin of 59.74%. The company had revenue of $172.97 million for the quarter, compared to the consensus estimate of $167.86 million. During the same period last year, the business posted ($0.12) EPS. The company’s revenue was down 19.2% on a year-over-year basis. Research analysts expect that Hi-Crush will post -0.25 EPS for the current year.

In other Hi-Crush news, CEO Robert E. Rasmus purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of $1.02 per share, for a total transaction of $51,000.00. Following the completion of the purchase, the chief executive officer now directly owns 216,044 shares in the company, valued at $220,364.88. The acquisition was disclosed in a document filed with the SEC, which can be accessed 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.

Featured Story: Systematic Risk

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

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.